Eolus and Hydro REIN acquire Swedish wind farm

Eolus together with Hydro REIN has signed an agreement to acquire the fully permitted wind power project Stor-Skälsjön from Enercon. The project, located in Sundsvall and Timrå municipalities in SE2, totals up to 260 MW and will be covered by a 12-year PPA with Hydro.

Hydro REIN and Eolus will own 49 and 51 percent, respectively, of the Stor-Skälsjön project. The partners have agreed to divest the majority of the project shares, and a sales process will be initiated during the summer. Supplier contracts will be entered during autumn this year and commissioning is expected to commence during the second half of 2023.  As part of the agreement, Hydro will sign a Pay-as-produced power purchase agreement with 12-year tenor. Hydro will also manage the... ... More: Official Press Release Eolus

Keywords:

Eolus, Hydro REIN, Sweden, wind farm, onshore, permit, Enercon, turbine, PPA, municipality, MW, installation