- Published: 16 May 2018 16 May 2018
Vestas has entered into a partnership with Swedish utility, Vattenfall, and Danish pension fund, PKA, for a 353MW wind energy project in Sweden. For the project Vestas will provide the turbines as well as become a shareholder through a share purchase agreement for 40 percent of the project. PKA and Vattenfall will own 30 percent project equity each.
The project has been developed by Vattenfall and consists of 84 V136-4.2MW turbines to be installed across the Blakliden and Fäbodberget wind parks located in Åsele and Lycksele Municipality in central Sweden. Blakliden and Fäbodberget wind parks will consist of 50 and 34 turbines respectively. The project’s total construction funding is around € 350 million and will be partially funded by non-recourse project financing while financial close is expected to be finalised in the coming months. The order includes supply and installation of the wind turbines as well as a 25-year Active Output Management (AOM 5000) service contract. Turbine delivery is expected to begin in first half of 2021 with full commissioning planned for fourth quarter of 2021.