echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > International Chemical > The Macquarie subsidiary completes financing of the Swedish wind farm project

    The Macquarie subsidiary completes financing of the Swedish wind farm project

    • Last Update: 2022-12-28
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    A subsidiary of Australian investment bank Macquarie announced 270 million euros ($313 million) in financing
    for Sweden's 235 MW onshore wind farm project, Reuters reported.

    The financing includes a power purchase agreement with Norsk Hydro, which it says is the world's longest corporate wind energy project power purchase agreement with a duration of 29 years
    .

    Construction will begin at the farm, which will contain 56 Siemens Gamesa's 4.
    2 MW turbines
    in Vasternorrland, central Sweden.

    Macquarie Capital (Europe) acted as financial advisor to the sponsor of the project, raising €160 million of senior debt
    from Credit Agricole CIB and KfW IPEX-Bank GmbH.

    "This project is the latest to take advantage of a new investment model by developing new projects
    in cooperation with companies that want to buy renewable energy directly," said the head of the European GIG.
    The model provides reliable revenue for renewable energy financing, with less reliance on public subsidies
    .

    :/, please indicate the source for reprinting)


    A subsidiary of Australian investment bank Macquarie announced 270 million euros ($313 million) in financing
    for Sweden's 235 MW onshore wind farm project, Reuters reported.

    Wind farms

    The financing includes a power purchase agreement with Norsk Hydro, which it says is the world's longest corporate wind energy project power purchase agreement with a duration of 29 years
    .

    Construction will begin at the farm, which will contain 56 Siemens Gamesa's 4.
    2 MW turbines
    in Vasternorrland, central Sweden.

    Macquarie Capital (Europe) acted as financial advisor to the sponsor of the project, raising €160 million of senior debt
    from Credit Agricole CIB and KfW IPEX-Bank GmbH.

    "This project is the latest to take advantage of a new investment model by developing new projects
    in cooperation with companies that want to buy renewable energy directly," said the head of the European GIG.
    The model provides reliable revenue for renewable energy financing, with less reliance on public subsidies
    .

    :/, please indicate the source for reprinting)

    /
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.