Eolus & DalaVind Expand Partnership in Fageråsen Wind Farm

Source: www.gulfoilandgas.com 7/5/2022, Location: Europe

Eolus has signed an agreement with DalaVind AB to expand its participating interest in the Fageråsen wind power project to 49%. Together, the companies intend to create a wind farm of just over 200 MW outside Malung, Sweden.
Eolus and DalaVind have been partners in this project for some time, and the project has held an environmental permit for the wind farm since 2018. A total of 33 wind turbines are planned that are expected to produce 700 GWh of renewable electricity annually. This is the equivalent of the annual consumption of around 140,000 households.
Eolus and DalaVind own 49% and 51%, respectively, of the shares in the project company through which the partnership will take place.
“We see major advantages in working with a local partner like Dalavind. They are very familiar with the area and have a strong local presence. With our collective experience, we have every possibility to carry out a successful project that will contribute significantly to renewable energy in the region,” says Per Witalisson, CEO of Eolus.
The area planned for the wind farm is along the border between the regions of Dalarna and Värmland. The area has excellent wind conditions and an infrastructure that supports the transportation and installation of wind turbines.
Commissioning of the wind farm is planned for autumn 2026.


United States >>  8/8/2022 - Cenovus Energy Inc. (CVE) has reached an agreement to purchase bp’s 50% interest in the bp-Husky Toledo Refinery in Ohio. Cenovus has owned the other ...
Brazil >>  8/3/2022 - Petrobras, following up on the release disclosed on 01/29/2021, informs that yesterday it has finalized the sale of all its stakes in the producing fi...

South Korea >>  8/3/2022 - The MunmuBaram project off the south-east coast of South Korea is one of the biggest planned floating wind farms in the world and is set to play a sig...
United Kingdom >>  8/3/2022 - Orcadian Energy (AIM:ORCA), the low-emissions North Sea oil and gas development company, is pleased to announce that, further to the announcement of 1...

United States >>  8/3/2022 - Enterprise Products Partners L.P. (EPD) announced three organic growth projects to expand its footprint in the Permian Basin to support ongoing produc...
Nigeria >>  8/1/2022 - Panoro Energy ASA is pleased to announce the declaration of its first dividend (the "Dividend") following recent completion of the transaction to dive...