2024-05-19
http://w3.windfair.net/wind-energy/pr/46451-landinfra-energy-and-eiffel-investment-group-enter-a-partnership-to-jointly-develop-up-to-1800-mw-of-renewable-energy-projects-in-sweden

Landinfra Energy and Eiffel Investment Group enter a partnership to jointly develop up to 1800 MW of renewable energy projects in Sweden

Landinfra Energy AB ("Landinfra") and Eiffel Investment Group via its managed investment funds Eiffel Infrastructure Vertes and Eiffel Transition Infrastructure ("Eiffel"), a leading French asset manager, have entered into an agreement to jointly develop a pipeline of up to 1800 MW of renewable energy projects in Sweden consisting of solar power, wind power and energy storage projects. As part of the agreement Eiffel acquires 50% of the portfolio from Landinfra, who will retain the remaining 50%.

Image: PixabayImage: Pixabay

The portfolio is divided over 1350 MW solar power projects with co-located energy storage and 300 MW wind power with co-located energy storage as well as 140 MW standalone energy storage projects. A majority of the 10 projects in the portfolio are located in SE3 in Sweden, and the remaining in SE4. All projects are in development stage and the first projects could be ready-to-build in the coming year, pending all required permits to be obtained. Fully successful and built out the portfolio will have an investment volume beyond 1.5 billion Euro and will annually generate around 2 TWh of green energy to the Swedish energy system. The completion of the transaction is subject to the approval of the Swedish Inspectorate of Strategic Products.
"We are pleased to join forces with Eiffel to jointly develop a large-scale renewable energy portfolio in Sweden. Eiffel is a leading asset manager in the European market, with strong experience from development partnerships and funding, and jointly we will bring the necessary capabilities and financial strength to add new and much needed sustainable energy production to SE3 and SE4. This partnership is in line with Landinfra's strategy to enable investors to enter renewable energy projects already at the development stage", says Marcus Landelin, CEO and Co-founder of Landinfra.
"We are very excited about this new partnership with Landinfra. This new transaction will accelerate the deployment of additional renewable energy capacity in Sweden by bringing much-needed equity in the development phase of the projects and leveraging landinfra's strong experience of renewables development", says Pierre-Antoine Machelon, head of Infrastructure at Eiffel Investment Group.

For more information, please contact:Marcus Landelin, CEO and founder of Landinfra Energy, via Mattias Hennius, Director Communications & PR +46 76 009 48 35,

 

Source:
Landinfra Energy
Author:
Mattias Hennius
Email:
mattias.hennius@landinfra-energy.com







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