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Ardian to Support Construction of Swedish Wind Farm

Private investment house Ardian has announced to invest €300 million to build a wind farm in Åndberg/Härjedalen, Sweden. Ardian acquires the development rights of the project from OX2, a leading Nordic renewable energy developer.

Image: PixabayImage: Pixabay

The 53-turbine wind farm will be one of the largest in Sweden when it start operating in 2021. It is expected to produce in excess of 800GWh per year. Ardian has also engaged OX2 to lead the construction and technical management of the facility. Sweden has passed legislation to go 'carbon neutral' by 2045, with Denmark, Norway and Finland all having made similar commitments.

Ardian’s portfolio in the Nordics, which already includes two wind farm investments in Norway and Sweden, will now exceed 400MW of gross capacity, corresponding to the yearly energy consumption of more than 600,000 electric vehicles. Separately, OX2 is currently building a record of over 1GW of wind power in the Nordics, of which approximately 90% is in Sweden.

Amir Sharifi, Managing Director at Ardian Infrastructure 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.”

Windfair Staff
Ardian, OX2, Sweden, wind farm, installation, project rights, carbon neutral, investment

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