Aquila Capital has expanded its Nordic wind energy portfolio with a 400MW development in Norway, which they acquired for an institutional investor from the developer Eolus Vind.
The project is located in Mosjoen in the municipality Vefsn in Northern Norway. Construction of the onshore wind park is expected to begin in autumn 2019 and to be finalised by the fourth quarter of 2021. The bulk of the energy produced will be delivered to a nearby aluminium smelter managed by Alcoa Norway who have already signed a 15-year power purchase agreement.