Global private investment firm Ardian Infrastructure has bought the rights for a windfarm in Sweden being developed by Nordic renewable energy company OX2.
With an investment of €300m, Ardian intends to build a windfarm in Harjedalen, Sweden.
For this project, Ardian has contracted OX2 to lead the construction and technical management of the wind facility.
Ardian Infrastructure managing director Amir Sharifi said: “In OX2, we have found an excellent partner. We look forward to together building a state-of-the-art wind farm using the latest available technology.
“Our goal is to achieve solid returns without subsidy and a positive impact on all stakeholders.”
Once operational in 2021, the windfarm will be one of the largest in Sweden with 53 turbines and is expected to produce in excess of 800GWh of clean energy per annum.
Currently, Ardian’s portfolio in the Nordic region includes two windfarms, which are in Norway and Sweden.
OX2 Wind managing director Paul Stormoen said: “We are very pleased to have established a good business relationship with Ardian after a realisation process that was characterised by a high degree of professionalism and spirit of cooperation.
“We are now looking forward to beginning construction together with our sub-contractors. The windfarm is a significant local investment and a further important contribution to the ongoing global transition to a renewable energy sector.”
Since 2006, Ardian has built or operated 2.3GW of renewable capacity in Europe and the Americas region.
Last year in October, Ardian’s US renewables platform Skyline Renewables has reached an agreement to acquire private investment firm Starwood Energy’s 51% stake in the Texas windfarms, Horse Creek and Electra.