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June 8, 2022

Wallenstam divests three wind farms in Sweden to Jämtkraft

The three wind farms have a total of 13 wind turbines and a net installed capacity of 30.5MW.

Swedish property company Wallenstam has announced the sale of three wind farms in Sweden to energy company Jämtkraft for an undisclosed sum.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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Wallenstam said the sale is part of its strategy to restructure its wind power portfolio.

The transaction includes the 10MW Stentjärnåsen project in Härjedalen Municipality and the Rätans-Digerberget facility in Berg Municipality, which has 11.5MW of capacity.

Also included in the deal is the Middagsberget wind farm in Berg Municipality, whose capacity amounts to 9MW.

The three wind farms have a combined total of 13 wind turbines and a net installed capacity of 30.5MW.

Wallenstam CEO Hans Wallenstam said: “We are carrying out a restructuring in order to concentrate our wind power on the area where our properties are located, which is in electricity price zone III. Therefore, we are selling three of the wind farms in electricity price zone II.

“It feels nice to be able to sell to Jämtkraft in particular, with which we have carried out transactions in the past. We also collaborate with them on trading of the electricity that we produce and consume.”

Following the sale, Wallenstam owns 53 wind turbines, with 112MW of total installed output, across 17 wind farms.

Jämtkraft Board chairman Kerstin Arnemo said: “The acquisition is completely aligned with the company’s strategy of developing wind power in the region.

“We are looking forward to adding this production to our renewable electricity portfolio and in the longer term to also be able to upgrade the wind turbines with modern technology.”

In December last year, Wallenstam announced the installation of 245 solar cell modules on Trollesundsvägen in Bandhagen, Stockholm.

The company had installed almost 1,800 units on more than 3,100m² of roof in an effort to ‘contribute to a climate-smart everyday life’ for its tenants.

The solar units are expected to generate more than 509,000kWh of locally produced renewable energy.

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Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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