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

13/08/2010 08:14 Renewable


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.

Daily (02.06.2020): The British spot gas dived by 5.6% on Monday after the resumption of Russian flows

02/06/2020 09:18:00

Crude oil futures diverged on Monday, with Brent crude for August delivery surging by 8.5% to close at $38.32 a barrel amid hopes that OPEC+ producers will meet this week, earlier than previously planned, to discuss about a further extension of output cuts. Meanwhile, U.S. WTI crude was rather stable at $35.49 a barrel, but under the effect of increasingly hostile relations between the United States and China.


Biomass takes record share of UK grid in May

02/06/2020 09:03:00

Biomass-fired power took a record share of the UK generation mix for the second consecutive month in May. Overall UK power demand continued to decline as the country remained in lockdown to limit the spread of Covid-19.


Amazon pledges €3.75m to improve urban green spaces in Germany and Europe

02/06/2020 08:59:00

The commitment forms part of Amazon’s Climate Pledge that seeks to achieve net zero emission targets by 2040.