View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
July 13, 2020updated 18 Aug 2020 4:48am

Eolus to purchase wind power projects from Vindkraft Värmland

Nordic wind power developer Eolus has signed an agreement to acquire seven wind power projects from Vindkraft Värmland, a subsidiary of Modern Energy.

Nordic wind power developer Eolus has signed an agreement to acquire seven wind power projects from Vindkraft Värmland, a subsidiary of Modern Energy.

Free Report
img

Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

Currently in the early development phase, these projects are located in SE3 and SE4 and have a combined capacity of approximately 450MW.

Six out of the seven projects are being developed in the SE3 region while the other project is located in the SE4.

Eolus origination head Gustav Grumert said: “We are seeing a large interest for projects within SE3 and SE4. We are pleased to add these projects in the early development phase to Eolus.”

The final purchase price is subject to the way the projects are developed and covered by a profit-sharing with the seller when the projects are realised.

Additionally, the Swedish firm signed an agreement with an option to acquire three projects in SE3 region that are currently in the early development phase comprising up to an additional volume of 280MW.

The acquisition of the wind power facilities is said to be first within the new origination function, which was established in January.

Eolus’ origination function primarily focuses on bolstering the early project development through strategic collaborations with landowners, acquiring projects under development, as well as evaluating new geographical markets and assessing previous Eolus projects that have been downgraded.

Financial details of the deal have not been disclosed by either company.

Last July, Eolus signed a share purchase agreement to sell its 400MW windfarm Oyfjellet in Norway to Aquila Capital for €30m.

Related Companies

Free Report
img

Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology