Eolus has completed the sale of Jenåsen wind farm located in Sundsvall municipality, Sweden to Munich Re.
Image: Eolus sells 79MW wind farm to Munich Re. Photo: Courtesy of Christian Wagner/FreeImages.com
All conditions for the completion of the transaction between Eolus and MEAG, asset manager of Munich Re, regarding the sale of the wind farm comprising 79MW have been fulfilled and the buyer has taken over the facility.
In May last year Eolus signed an agreement with MEAG regarding the sale of wind farm Jenåsen, comprising 23 Vestas V126 3.45 MW wind turbines, to Munich Re. The agreement was made public through a press release on 31 May, last year. All conditions for the fulfillment of the transaction regarding the turn key wind farm have been met, payment have occurred and the buyer has taken over the facilities.
Eolus will deliver asset management services for the wind farm. The electricity produced by the wind farm will be sold to Google via a power purchase agreement.
Source: Company Press Release