Swiss utility EWZ has bought the pre-construction 95MW Makaknuten wind farm in Norway from Norsk Vind Energi.
Renewable energy financial advisor Augusta & Co oversaw the deal, its third supporting Norsk Vind Energi.
Augusta & Co was also financial advisor on the recent sale of two other wind farms in the Nordic region.
They are the up to 250MW Andberg project sold to Ardian Infrastructure by OX2 and the 213 Jadraas plant bought by The Renewables Infrastructure Group from Arise and Sydvastanvind. Both wind farms are located in Sweden.
Augusta & Co partner Justin Fitzhugh said: “In EWZ, Ardian and TRIG, we have three distinct buyer types showing a strong commitment to Nordic wind energy – namely a Swiss utility, a French private investment house and a large UK-listed renewables portfolio owner.
“What these buyers have in common is confidence in the ability of Nordic wind energy assets to deliver long-term, stable returns.
“Each deal will close with no off-take agreement or financing in place – which is a testament to the strength and opportunities of this PPA-driven merchant market.”