RES has reached agreement for the sale of its Lycksele portfolio of wind projects, totalling 290MW, in Sweden.
The Lycksele portfolio, made up of three wind energy projects, has been acquired by Prime Capital and is expected to enter commercial operation in 2025.
Located in Västerbotten County, RES started development of Lycksele in 2007.
The portfolio is made up of 45 turbines across three projects: Fjällberg, Hornmyran and Vinliden.
Part of the electricity output is planned to be used for a green power-to-x project in the region.
The deal also sees RES support Prime Capital through a development services agreement to prepare the portfolio ready for construction in 2023.
Once operational, RES will provide asset management services to the portfolio.
RES is constructing Björnberget and Gubbaberget, both developed by RES and acquired by Prime Capital in 2020.
In addition, RES provides asset management services to a further project in Prime Capital’s portfolio, which is Stavro.
Matilda Afzelius, CEO of Nordics for RES, said: “We are delighted to partner with Prime Capital AG again as they expand their investment in the Nordics and look forward to supporting them to bring theLycksele portfolio online.
“We value working with a partner who shares our vision of the future of the Swedish energy market, and a focus on creating synergies between the renewable energy sector and industry to provide greater value to the economy.”
In Sweden RES has a development portfolio of 1GW.