WFW Advises Banks on Project Financing of Swedish Thor Wind Farm

HSH Nordbank and Rabobank provided long-term KfW backed project financing for the 147.6 MW Thor Wind Farm, located 75km east of the town of Gällivare, Sweden. The project was built by Swedish developer OX2 and acquired by Aquila Capital, the alternative asset management division of Hamburg-based Aquila Group. The project has entered into a long term corporate PPA with Google as offtaker.

Thomas Hollenhorst, Partner at WFW, commented: “We are delighted to have advised our long-standing client HSH Nordbank on one of its first wind farm transactions in Sweden. This demonstrates WFW’s standing as one of the leading law firms for cross-border projects in the renewable energy sector in Europe, including Scandinavia”.