Global investment company Aquila Capital has acquired the Högkölen wind park in Sweden.
With this acquisition, Aquila Capital has expanded its renewable energy portfolio in Scandinavia. The wind park will have an installed capacity of 64.8MW once it is connected to the grid in 2018.
The Högkölen park features 18 Vestas V 126 3.6MW turbines, which will produce nearly 244GWh of electricity annually due to outstanding wind conditions.
Högkölen has been developed by OX2, a wind developer in Sweden. The project will be handed over on a turnkey basis.
Aquila Capital's CEO and co-founder Roman Rosslenbroich said: “Högkölen is a technologically advanced project at an unusually favourable wind location and therefore perfectly adds to our portfolio in Scandinavia.
“The repeated cooperation with OX2 reflects the successful relationship we have mutually established in line with our general approach to provide institutional investors with access to attractive assets through long-term partnerships with leading market participants in our core markets.”
OX2 will also take care of the wind park’s technical management upon completion. The company's wind managing director Paul Stormoen said: “We are delighted to work on another project with Aquila Capital. The project consolidates our market position in Scandinavia where we are currently realising the construction of six wind parks.”
In the last two years, Aquila Capital has acquired wind energy projects and parks in Scandinavia with a capacity of around 400MW.