Ardian Infrastructure acquires Swedish wind farm from OX2

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Ardian Infrastructure acquires Swedish wind farm from OX2

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French investment firm Ardian Infrastructure has acquired a yet to be constructed Swedish wind farm from Nordic renewable energy developer OX2.

Ardian intends to invest €300m to build the wind farm in Åndberg/Härjedalen, Sweden. After buying development rights of the project, OX2 has been engaged to lead the construction and technical management of the facility.

The wind farm will be operational in 2021 and it could generate more than 800GWh of clean electricity per year. It will be powered by 53 of Nordex Delta4000 series turbines and once completed, it will be one of the largest in Sweden. Each of the turbines will have a total height of 180m.

The wind farm is expected to contribute significantly to the country’s target of becoming ‘carbon neutral’ by 2045.

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.”

The French investment company’s portfolio in the Nordics, already includes two wind farm investments in Norway and Sweden, which will now exceed 400MW of gross capacity.

OX2 is claimed to be building a portfolio of more than 1GW in wind power in the Nordics, with about 90% in 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 wind farm is a significant local investment and a further important contribution to the ongoing global transition to a renewable energy sector.”

Last month, the investment company partnered with Jinko Power and White Summit Capital to jointly build and operate ‘La Isla’, a 182.5MW solar photovoltaic (PV) plant near Seville, Spain. The solar project was previously owned and developed by Jinko Power, a subsidiary of Jinko Solar.