Eolus Vind sells 232 MW wind power to Aquila Capital
Eolus Vind has signed an agreement with Aquila Capital regarding the sale of the wind parks Kråktorpet and Nylandsbergen comprising 61 Vestas V136 3.8 MW wind turbines with a combined installed capacity of 232 MW. The preliminary purchase price is EUR 264 million.
The transaction covers the sale of all the shares in the project companies that hold the project rights for the wind parks. Eolus Vind will construct both wind parks. Kråktorpet comprises 43 turbines with a capacity of 163.4 MW and will be subject to project financing. Nylandsbergen comprises 18 turbines with a capacity of 68.4 MW. Both wind parks will be commissioned during 2019.
As part of the transaction it has been agreed that Eolus Vind will provide technical, operational and administrative services during seven years for both the wind parks.
Eolus Vind is one of the leading wind power developers in Sweden. Eolus Vind is active in the whole value chain from development of green field projects to construction and operation of wind parks. Eolus Vind offers attractive and competitive investments in the Nordic and Baltic countries to both local and international investors. Founded in 1990, Eolus Vind has constructed more than 500 wind turbines of the approximately 3,400 wind turbines operating in Sweden. Eolus Vind's shares are listed at Nasdaq Stockholm Small Cap.
Established in 2001, Aquila Capital is committed to provide institutional investors worldwide with alternative investments solutions within real assets, financial and private markets. Aquila Capital is a regulated alternative investment fund manager (AIFM) Aquila Capital has EUR 6.1 billion in assets under management (as at December 2016).
Eolus Vind was advised by Mannheimer Swartling in the transaction.