GE and GIG to develop 650MW Markbygden ETT windfarm in Sweden

9 November 2017 (Last Updated November 9th, 2017 11:38)

GE has partnered with Green Investment Group (GIG) to develop and operate the 650MW Markbygden ETT onshore windfarm in northern Sweden.

GE and GIG to develop 650MW Markbygden ETT windfarm in Sweden
Illustration of Markbygden ETT onshore windfarm in northern Sweden. Credit: General Electric.

GE has partnered with Green Investment Group (GIG) to develop and operate the 650MW Markbygden ETT onshore windfarm in northern Sweden.

Under the collaboration, GE Renewable Energy will supply 179 units of its 3.6MW turbine, which features 137m rotors.

The blades will include a new ice mitigation system, developed by LM Wind Power to ensure a stable level of energy availability and reduced downtime.

GE will also offer a 20-year full service agreement and its grid solutions business will deliver high-voltage switchgear for two collector substations at the farm.

“The blades will include a new ice mitigation system, developed by LM Wind Power to ensure a stable level of energy availability and reduced downtime.”

Commenting on the deal, GE onshore wind business president and CEO Pete McCabe said: “Markbygden ETT marks our commitment to the Swedish onshore wind arena and extends our presence in Europe while showcasing our technical capabilities, with LM Wind Power and project development and management differentiators.”

The Markbygden ETT project was acquired from Swedish developer Svevind, which has been working on the development for the past 15 years.

Construction of the Markbygden ETT project has already started, and commissioning is expected to take place by the second half of next year. It is expected to be fully operational by the end of 2019.

Project partners have already invested more than €300m in equity to fund the farm, while GE and GIG have raised around €800m.

With the transaction, GE Capital seeks to realise its strategy to invest in and structure financing solutions to support key global growth markets.

In addition, a 19-year fixed volume power purchase agreement (PPA) has been signed with a subsidiary of aluminum producer Norsk Hydro.