Aquila Capital and ewz co-invest in Swedish 60 MW wind park
Alternative asset manager Aquila Capital and Swiss electric utility enterprise ewz have purchased 29 Vestas wind turbines in the South of Sweden from Eolus Vind AB, a Swedish wind power developer.
The wind turbines are located in four wind parks and have an installed capacity of around 60 MW.
Ewz will become majority shareholder, acquiring 51%, while Aquila Capital will acquire the remaining 49%.
Roman Rosslenbroich, co-founder and CEO at Aquila Capital said: “The transaction underlines the growing popularity of the partnership model between utility companies and specialist financial investors, which harnesses their joint financial, regulatory and technical expertise.”
Bruno Hürlimann, head of Strategic Projects at ewz added: “The innovative financing concept enables ewz to deploy the available funding in a more efficient and targeted manner in order to secure production capacity for wind energy in the long term.”
Strategic partners of the investment include Google, which has commited to purchasing the entire electricity produced by four wind farms under a long-term power purchase agreement.