Eolus and Hydro REIN have signed an agreement to jointly develop and establish a portfolio consisting of nine Swedish wind power projects in the early development phase in the price areas SE3 and SE4. The projects will have a potential installed capacity of up to 672 MW and are expected to be operational during the years 2027-2032, provided that necessary permits are obtained. Eolus and Hydro REIN will jointly develop and establish the projects with Eolus in lead.
Within the frame of the partnership, Hydro REIN acquires 50% of the portfolio currently owned by Eolus. The completion of the transaction is subject to fulfillment of a number of conditions before closing, which is expected to occur in January 2022.
Mannheimer Swartling advised Eolus in the transaction.