GE Renewable Energy has secured a first order in Sweden for its Cypress onshore wind turbine platform with InfraVia Capital Partners’ 175MW Bjorkvattnet project.
The US manufacturer will supply its 5.3-158 Cypress machine for the project located approximately 470 kilometres north of Stockholm.
GE will also provide a 25-year full service agreement for the wind farm due to reach commercial operations by the end of 2020.
“The Bjorkvattnet wind farm is an exciting opportunity for GE, and our Cypress platform is ideally suited for the project,” said GE Renewable Energy onshore wind CEO Peter Wells.
“Cypress is evolving into a versatile solution well suited for Europe’s varied terrain and wind conditions…and we look forward to bringing it to Sweden for the first time,” he added.
French infrastructure investor InfraVia Capital Partners, acting through InfraVia European Fund IV, has acquired the project from original developers Vindparken, WindSpace and GE Renewable Energy.
“This project is our first investment in partnership with GE Renewable Energy and our first investment in Sweden,” said InfraVia CEO Vincent Levita.
“This investment also illustrates our interest in supporting ‘buy and build’ strategies and represents a good opportunity to develop a diversified European wind power generation platform,” he added.
GE provided the project with development support, offtake solutions, technical and commercial optimization, and equity syndication expertise through GE Energy Financial Services.
Project co-sponsors were advised by financial outfit NewSec and Swedish law firm Mannheimer Swartling.