Investment company Ardian and Norwegian renewables outfit Finnmark Kraft have set up a joint venture to build and operate a 51.8MW wind farm in northern Norway.
Finnmark Kraft will own 51% and Ardian 49% of the JV.
The project will consist of 15 3.45MW Vestas wind turbines and is expected to be up and running in the fourth quarter of 2017.
Finnmark Kraft will supervise the 18-month construction period.
Ardian executive committee member Mathias Burghardt said: “This project marks Ardian’s entrance into an exciting new market as this will be our first investment in Scandinavia.”
Image: a 3.3MW Vestas turbine (Vestas)
