German investment service company Aquila Capital is set to acquire the 357MW Valhalla windpower project in Sweden.

Comprising 85 wind turbines, the project will be delivered under an engineering, procurement and construction (EPC) contract.

To be built in the municipalities of Bollnäs and Ockelbo, Sweden, the new facility will have an estimated average generation capacity of more than 1.1TWh each year.

The energy produced will be sufficient to meet the annual electricity requirements of approximately 223,800 households.

“The new facility will have an estimated average generation capacity of more than 1.1TWh each year.”

The permits for the park have been developed jointly by renewable energy company OX2 and Bergvik Skog.

OX2 has also confirmed that the project’s financing has been successfully completed.

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Danish wind turbine company Vestas will deliver its V136 4.2MW model turbines, each with a total height of 180m.

Aquila Capital CEO and co-founder Roman Rosslenbroich said: “Wind energy investments in the Nordics region are highly attractive investments and this project is especially remarkable due to the technical dimension and its performance features.

“Our proposition in the region is enhanced even further by the broad network of partnerships we have built with leading market participants such as OX2 and Vestas.”

Construction of the windfarm is expected to be completed by May 2020.