FP Lux goes after Swedish solar market with 90-MWp acquisition – EQ Mag Pro
Luxembourg-based special fund FP Lux Investments is set to acquire up to 90 MWp of solar park projects in Sweden for its third renewable energy fund RE Infrastructure Opportunities in a move that will enable it to enter the Swedish solar market.
The news was announced today by Switzerland-based investment advisory firm re:cap global investors ag, which is in charge of evaluating and purchasing projects for the fund.
Swedish PV developer SunSpark Nordic AB has agreed to sell the portfolio, which contains projects located mainly in southern Sweden where energy demand is high.
Under the terms of the agreement, the RE Infrastructure Opportunities fund will acquire the projects at ready-to-build stage and provide equity financing for construction. SunSpark Nordic will provide long-term asset management services.
“At SunSpark, we build small-scale solar parks in many places. We have chosen that route because it is optimal for the Swedish infrastructure — we can supply solar energy in an efficient way which means that we complement local existing grids,” said Pontus Ringaby, SunSpark Nordic CEO.
Location scouting has largely been finalised, while construction activities are expected to last up to two years, according to re:cap.
Source: renewablesnow
