Foresight has completed the acquisition of the 231MW Skaftasen wind project in Sweden.
The transaction comprises an investment by Foresight Energy Infrastructure Partners (FEIP) with a syndicate of co-investors that includes BAE Systems Pension Funds Investment Management and Polhem Infra.
Foresight acquired the project, in Harjedalen municipality in central Sweden, from Arise in December 2019.
The wind farm is expected to come online in 2021.
It is FEIP’s first investment and represents the largest wind farm in Foresight’s expanding portfolio.
The wind farm will be the first to feature Siemens Gamesa’s 5.X platform and will host 35 SG 5.8-155 turbines operating at 6.6MW.
Foresight partner Richard Thompson said: “We are delighted to have been able to introduce such a strong syndicate of co-investors alongside our FEIP fund to support the development of this, our first greenfield onshore wind investment in Sweden.
“We are continuing to find strong demand amongst European institutional investors for the renewable energy infrastructure asset class, given both its resilience and strong sustainability characteristics, and expect to be able to announce further closes for FEIP, which has a target size of €500m, in due course.”