June 21, 2011 - Assignment

Skanska invests in new wind park, one of the largest in Sweden

Skanska Infrastructure Development, wind park developer O2 and Jämtkraft are jointly investing in a project-financed wind park. The total investment amounts to approximately SEK 1.1 billion. Skanska’s holding amounts to 50 percent; the other parties own 25 percent each.

The new wind park will be one of the largest land-based parks in Sweden and will be located in Sjisjka, a low mountainous area in Gällivare municipality. The project comprises 30 wind turbines with an installed capacity of 78 MW. With an annual capacity of around 200GWh, the wind farm will be capable of supplying electricity for 43,000 households.

Skanska is one of the world’s largest construction companies, employing 52,000 employees in selected markets throughout Europe, the US and Latin America. Skanska Infrastructure Development, a business unit within the Group, primarily invests in public-private partnership (PPP) projects in the Nordic countries, Central Europe and Latin America.

Skanska Infrastructure Development was advised by Mannheimer Swartling in the transaction and the firm also advised the project companies in connection with project financing. Mannheimer Swartling’s team was led by Johan Ljungberg, primarily assisted by Emma Olnäs Fors (project leader), Emma Österdahl, Linnea Ljung and Emelie Thor. Mårten Tagaeus was responsible for real estate and environmental law matters. Thomas Pettersson advised in connection with the project financing and was primarily assisted by Veronica Stiller and Linda Olovsson.