HgCapital acquired a 44 MW wind farm, developed and built by Nordisk Windkraft

13/08/2010 08:14 Renewable

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Nordisk Windkraft, the Nordic wind developer, signed a contract with HgCapital for the construction and sale of 44 MW wind park from Ytterberg, Sweden.

The park consists of 22 V90 2 MW Vestas turbines, the project being under an EPC contracting arrangement with the HgCapital, a hedge fund known to invest in renewable energy. This deal makes HgCapital the largest Swedish investor on wind market. Sweden largely relies on its hydro power, with a small market share for wind energy. However wind proved to be feasible for Sweden and the deal shows that investors start to be interested in Swedish wind market. Nordisk Windkraft declared the works at the project begun and has to be achieved by the first quarter of 2012.

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