Eolus and Hydro REIN sell 75% of Swedish wind farm to MEAG

Eolus and Hydro REIN have signed an agreement with MEAG regarding the sale of 75% of the shares in the 260 MW wind power project Stor-Skälsjön in Sweden.

The transaction covers 75% of the shares in the project company at an enterprise value of EUR 361.4 million (100% basis). Eolus is to sell all its shares amounting to 51% for a purchase price of EUR 18.4 million. Hydro REIN will sell 24% of the shares for a purchase price of EUR 8.7 million and will remain as co-owner of the project with a 25% interest. Eolus and Hydro Rein acquired the project, which is located in Sundsvall and Timrå municipalities in Sweden (SE2), from Enercon in June 2021.  “We have a long history with MEAG and I’m delighted that they, as one of Europe’s largest... ... More: Official Press Release Eolus Vind

Keywords:

Eolus, Hydro REIN, Sweden, MEAG, sale, MW, wind farm, capacity, investor, portfolio, Siemens Gamesa, turbine, construction, commissioning