Stavro Wind Farm, Sweden

Stavro Wind Farm is a 254.2MW onshore wind power project. It is located in Vasterbotten, Sweden. The project is currently active. It has been developed in multiple phases. The project construction commenced in 2019 and subsequently entered into commercial operation in 2021.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.

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Project Type	Total Capacity (MW)	Active Capacity (MW)	Pipeline Capacity (MW)	Project Status	Project Location	Project Developer
Onshore	254.2	254.2	–	Active	Vasterbotten, Sweden	Prime Capital

Description

The project was developed by Prime Capital. Korea Electric Power and Siemens Financial Services are currently owning the project.

The Stavro Wind Farm (Stavro Wind Farm- Phase I), has 129m high towers.

The Stavro Wind Farm (Stavro Wind Farm- Phase II), has 129m high towers.

Development Status

The project is currently active. The project construction commenced in 2019 and subsequently entered into commercial operation in 2021.

Power Purchase Agreement

Google Energy and Holmen are the power offtakers from the project.

Contractors Involved

Siemens Gamesa Renewable Energy was selected to render EPC services for the wind power project.

Siemens Gamesa Renewable Energy was selected as the turbine supplier for the wind power project. The project consists of 62 units of SWT-DD-142 turbines, each with 4.1MW nameplate capacity.

Siemens Gamesa Renewable Energy is the O&M contractor for the wind power project for a period of 30 years.

About Prime Capital

Prime Capital AG (Prime Capital) is a financial service provider that offers asset management and professional services. The company provides infrastructure investments including renewable energy, private debt and hedge fund strategies through its independent asset management and advisory services. It also offers design and implementation of platform solutions, risk management, monitoring, and regulatory reporting and transaction management through its platform management services. Prime Capital caters its services in the areas of structuring, risk measurement, analysis and management and reporting. The company operates throughout Luxembourg, Germany and the UK. Prime Capital is headquartered in Frankfurt, Germany.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.