German investment manager Prime Capital has acquired the 70MW Hallösa wind project in Sweden from local developer Kraftö.
The investor has acquired the ready-to-build project, located in Sweden’s SE3 zone, through its Prime Green Energy Infrastructure Fund.
The wind farm, which will require north of €100m to build, is due to start operations in the fourth quarter of 2024.
Mathias Bimberg, Head of Infrastructure at Prime Capital, wrote on Linkedin that the purchase was its “fastest transaction ever”, taking five weeks for full diligence and execution.
Construction works will begin in five months, he added.
Kraftö was advised on the sale by financial advisory firm Newsec Infra.
David Albericci, Director in Kraftö, said: “We are delighted to finalize this transaction in only a few weeks with Prime Capital. The transaction could not have been completed within this timescale without the expertise of Prime and the active involvement of Newsec Infra.”
Mathias Bimberg, Head of Infrastructure at Prime Capital, added: “We are thrilled to have been able to secure this attractive project in SE3 for our investors: with it our Prime Green Energy Infrastructure is well diversified across the Nordics and over 75% invested.
“We would like to thank Kraftö and their advisers for a good cooperation making this project with a tight construction timeline possible.”