Aquila Capital acquires another large wind project in Sweden

Aquila Capital has announced the expansion of its renewable energy portfolio in Scandinavia with the acquisition of a further wind project in Sweden. The wind park will have an installed capacity of 64.8 MW once it is connected to the grid in 2018.

Högkölen is the second investment in wind energy in Sweden after Lehtirova that Aquila Capital has realised for institutional investors within a short period of time. Just like Lehtirova, Högkölen has been developed by OX2, one of the largest wind developers in Sweden and will be handed over on a turnkey basis.

The Högkölen wind park will have 18 Vestas V 126 3.6 MW turbines that will produce about 244 GWh electricity on a yearly basis due to outstanding wind conditions. The project developer OX2 will also take care of the wind park’s technical management upon completion.

In the past two years Aquila Capital has acquired wind energy projects and parks in Scandinavia with a capacity of approximately 400 MW. As such it strongly contributes to the sustainable expansion of renewable energy in the region.

Roman Rosslenbroich, CEO and Co-Founder of Aquila Capital, said: “Högkölen is a technologically advanced project at an unusually favourable wind location and therefore perfectly adds to our portfolio in Scandinavia. The repeated cooperation with OX2 reflects the successful relationship we have mutually established in line with our general approach to provide institutional investors with access to attractive assets through long-term partnerships with leading market participants in our core markets.”

Paul Stormoen, Managing Director of OX2 Wind, commented: “We are delighted to work on another project with Aquila Capital. The project consolidates our market position in Scandinavia where we are currently realising the construction of six wind parks.”

Susanne Wermter, Head of Special Infrastructure Team at Aquila Capital, added: “The acquisition of Högkölen extends our portfolio in Sweden with a wind project that benefits from a combination of experienced partners including OX2, reliable technology, excellent wind resources and a stable regional environment. Scandinavia is a highly attractive location for onshore wind investments, offering great conditions for the realisation of large scale projects for institutional investors with the required market know-how.”