Nordic renewables developer Cloudberry Clean Energy has made an offer to acquire 100% of the shares in the developer of the Rewind Vaner offshore wind project in Sweden.
Scanwind2 is developing the shallow water wind farm in Sweden’s largest lake, which will consist of 16-17 turbines with an estimated annual power production around 350 gigawatt-hours.
On 31 August, the board of Scanvind2 recommended its shareholders to accept the offer.
The board members and the chief executive of ScanVind2 have accepted a transaction fully settled in shares.
Cloudberry has developed the project together with local partners from inception in 2010.
The project was later sold to the Scanvind2 consortium for more detailed planning.
Cloudberry said it has been in negotiations with partners and has performed an operational, financial and legal due diligence of the project throughout this summer.
Cloudberry chief executive Anders Lenborg said: “Our offer reflects Cloudberry’s long-term strategy of being a developer of both on- and offshore wind projects in the Nordics.
“We know the Rewind Vanern project well from our participation in the project team since inception and will leverage our experience as a project owner.
Lenborg said Cloudberry’s development team has over the last 10 years gained “significant knowledge and competence” in wind power development projects in both Sweden and Norway.
“As previously announced, we are further strengthening the development team with the acquisition of the wind power development company Skogvind, where managing partner Roger Grondahl will take on development responsibilities within onshore and offshore wind power projects with the team in Karlstad and Oslo,” Lenborg added.