Renewable Power Capital enters Swedish market with 100% acquisition of onshore wind farm from OX2
- Renewable Power Capital has committed to acquire the Klevberget onshore wind farm, with a capacity of 146 MW, in their first Swedish deal.
- OX2 is constructing the wind farm under their construction & asset transfer agreement (“CATA”) and will, once commissioned, be responsible for the technical and commercial management of the wind farm.
- The deal builds on the ongoing relationship between RPC and OX2. In 2021, RPC acquired a 171MW portfolio of Finnish onshore wind projects from OX2.
- The decision marks a strategic move by RPC to enter the Swedish market as it continues efforts to accelerate decarbonisation across Europe.
London, U.K. (January 07, 2021) – Renewable Power Capital (RPC) has made its first investment in Sweden by committing to the acquisition of a 100% ownership interest in a 146 MW onshore wind project from OX2, a leading developer and constructor of large-scale onshore wind power in Europe. The transaction is valued at €190 million.