News | Energy Efficiency

http://www.newenergyworldnetwork.com/renewable-energy-news/by-technology/wind/hgcapital-nv-nordisk-vindkraft-sign-deal-for-41mw-swedish-wind-farm.html

Private equity firm HgCapital and renewable energy developer NV Nordisk Vindkraft have consolidated their leadership in the Swedish onshore wind sector by signing agreements for the sale, construction and financing of the 41MW Åmliden wind farm in Västerbotten County.

The project was developed by Nordisk Vindkraft, a subsidiary of the RES Group, which will deploy V100 1.8MW Vestas wind turbines.
Funds managed by HgCapital provided the equity for the project and arranged 17-year project financing underwritten by Commerzbank.
Arne Lorenzen, CEO of Nordisk Vindkraft said, ‘We are delighted to announce the sale of our Âmliden project to HgCapital. The Âmliden project is the sixth wind farm project that Nordisk Vindkraft has successfully developed in Sweden and we look forward to delivering more projects to the Swedish market in the future.’
The build of the project is due to start in early 2011 and the wind farm is expected to be fully operational before the close of 2012.
Luigi Pettinicchio, associate director at HgCapital added, ‘Åmliden consolidates HgCapital’s leadership of the Swedish market and is another example of Sweden’s great potential for industrial scale, highly cost-effective and resource-rich wind projects.’