UK investor DORE has completed the acquisition of an operational 46MW onshore wind farm located in north east Sweden for a total consideration of approximately €23.8m.
The acquisition has been funded on an ungeared basis using the group’s cash resources, DORE said.
The unnamed wind farm comprises 20 Enercon E-82 2.30MW turbines and is located on a plateau in north eastern Sweden at around 220 metres above sea level in the SE2 pricing region.
The project has been operational since 2011. Operation and maintenance services are provided by Enercon.
It is expected to generate around 108 gigawatt-hours of electricity a year.
DORE chairman Hugh Little said: “We are delighted to announce the acquisition of our first onshore wind farm adding further diversity to our existing portfolio.
“This Swedish wind asset fits well in the technology diversification DORE is pursuing.
“Our pipeline of potential acquisitions remains healthy, and we look forward to adding further attractive growth opportunities.”