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Arise, Siemens Gamesa and Foresight Group will work together to complete a major project in Sweden. The company’s most efficient onshore platform, Siemens Gamesa 5.X, will be used. Foresight Energy Infrastructure Partners, Foresight Group’s flagship fund for energy transition funds, will acquire the project.
In early 2025, Kolvallen’s 277-MW project will be completed. It will include 41 units of the SG 6.6-170 and one SG 6.6-155 model. The wind farm will be located close to the Skaftasen project, which is currently being implemented by the three companies. Skaftasen was one of the first to adopt the Siemens Gamesa 5.X platform. It is the most competitive in terms of Levelized Cost of Energy, (LCoE), in the onshore landscape.
It is notable for the 35-year long service contract that was signed between the parties. This contract ensures that the machines will operate at their best over their entire life span. The towers will be 135 m tall for the SG 6.6-170 turbines and 122.5 m for the SG 6.6-155 version.
“This project feels like an extension of the Skaftasen Project, being physically near, and allowing me to work alongside my partners Arise and Foresight in order to expand our collaboration. This project is a strong endorsement of the Siemens Gamesa 5.X platform. The two wind farms, Skaftasen & Kolvallen, will provide substantial green energy for Sweden,” Clark MacFarlane CEO of Siemens Gamesa’s operations across Northern Europe and Middle East said.
“We are pleased to have realized another great project together with Siemens Gamesa and Foresight.” Per-Erik Eriksson, CEO of Arise, said that the wind farm will generate almost 1 TWh per year. This is a significant contribution to Sweden’s power balance and an important measure to reduce climate change.
Theodora Forbes is Senior Investment Manager at Foresight Group LLP. She stated that we are thrilled to be expanding our presence here, along with Arise and SGRE with this addition to FEIP’s growing portfolio. Skaftasen and Kolvallen are landmark onshore wind projects in the Nordic region. They each make a significant contribution toward the region’s goal of decarbonization. As Europe’s demand for low-carbon energy increases, FEIP is well placed to support its build-out.
NORD/LB, a commercial bank, provided financing to the construction of the wind farm. Newsec Infra advised Foresigh on the debt structuring.