Eolus & Hydro REIN to Jointly Develop up to 672 MW of Swedish Wind Power

Source: www.gulfoilandgas.com 12/24/2021, Location: Europe

Eolus and Hydro REIN enters a partnership for joint development and realization of a portfolio of nine Swedish wind power projects in early development phase. The projects with a potential installed capacity of up to 672 MW are located in SE3 and SE4. Within the frame of the partnership Hydro Rein acquires 50% of the 672 MW portfolio owned by Eolus.

Eolus and Hydro REIN have signed an agreement to enter a partnership targeting the joint development and realization of a 672 MW portfolio owned by Eolus in Sweden. Within the frame of the partnership Hydro REIN acquires 50% of the portfolio with a profit sharing mechanism between the parties when the projects reach construction stage. Eolus and Hydro REIN will jointly with an Eolus lead develop and establish the projects going forward.

The portfolio consists of nine projects located in SE3 and SE4 in Sweden which are in early development stage and are expected to be commissioned during 2027-2032 pending all required permits being obtained.

-There is a big need for new electricity production in SE3 and SE4 in Sweden. With this partnership with Hydro REIN we can help to contribute to increase the electricity production in a cost efficient manner from onshore wind in SE3 and SE4 says Per Witalisson, CEO of Eolus.

-We are pleased to yet again join forces with Hydro REIN in onshore wind projects in Sweden. At Eolus we look forward to develop the projects in the portfolio with Hydro REIN and be able to offer the market good investment opportunities says Marcus Landelin, COO of Eolus.

-Sweden is a global leader in decarbonization. We are very pleased to play a part in developing the Swedish wind power industry, together with Eolus and accelerate the Nordic energy transition says Olivier Girardot, head of Hydro REIN.

The transaction is subject to fulfillment of a number of conditions before closing which is expected to occur in January 2022.


Australia >>  5/25/2022 - CS Energy has signed a Memorandum of Understanding (MoU) with global renewable energy leader EDF Renewables to progress the development of the Banana ...
Poland >>  5/24/2022 - RWE has fully commenced operation of the Rozdrazew onshore wind farm with a capacity of 16.8 megawatts (MW). After 14 months of construction, seven tu...

Spain >>  5/24/2022 - Enel Green Power España (EGPE) connected the 180 MW wind farm “Tico Wind” to the grid, marking the official launch of its largest wind farm in Spain. ...
Taiwan >>  5/24/2022 - Named after the strong winds blowing in the Hsinchu region every September, BlueFloat Energy’s first project in Taiwan is called “Winds of September.”...

Sweden >>  5/23/2022 - Today, Blakliden Fäbodberget – Vattenfall’s largest onshore wind farm to date with 84 turbines – was inaugurated.

Construction of Blakliden...

United Kingdom >>  5/23/2022 - Falck Renewables, BlueFloat Energy and Ørsted UK have expressed their support for the bid to give Scottish Green Freeport status to the Cromarty Firth...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.