The Green Investment Group (GIG) has acquired an ongoing windpower project in Överturingen in the municipality of Ånge, Sweden from SCA and Turinge Energi.
The supplier of the 4.2 MW turbines will be Siemens Gamesa. The windpower project comprises the windparks Storflötten and Länsterhöjden north of Överturingen.
The 56 turbines will be distributed over land owned by SCA, Sveaskog and private forest owners. The windparks will be completed by late 2019 or early 2020. The project is managed by a local project organization in Överturingen.
Renewable Energy President Mikael Källgren said: “We have developed this project together with Turinge Energi AB. We are pleased that the project will now be realised by a strong and committed team of partners. The demand for renewable energy is growing and we are glad to contribute with more green electricity that will be produced on SCA land, in line with our sustainability ambitions.”
Green Investment Group is a specialist green energy investor who, together with their parent company Macquarie Group have supported over 200 green infrastructure projects across the world. GIG also supported the development of and invested in Europe’s largest single-site onshore wind farm at Markbygden outside of Piteå.
Macquarie Capital green energy global head Mark Dooley said: “We are delighted to support SCA in the development of this market-leading project, helping establish partnerships involving stakeholders from the landowner to the electricity customer, that were needed to move the project from the development phase into construction. This project is the latest example of SCA’s evolving business model and their sustainability strategy in action, we look forward to continuing our partnership with them.”
Source: Company Press Release