BayWa RE has sold the 62MW Furuby wind farm in Sweden to ERG for an undisclosed price.
Furuby, which is located in the south of the country, will consist of 10 Siemens Gamesa 5.X turbines with tip heights of 220 metres.
The project, which is entering construction within the next month, was brought forward for development by BayWa RE.
The company will support construction and provide ongoing asset management once operational.
Commissioning is expected at the end of 2022.
Furuby will deliver 210 gigawatt-hours of electricity a year, once operational.
BayWa RE Nordic chief executive Hakan Wallin said: “We’re delighted to finalise the sale of the Furuby wind farm to ERG, who like us, has electricity production from renewable and sustainable sources at the heart of their business.
“We are looking forward to building on this new relationship with ERG and working with them to drive forward the energy transition in Europe.”
BayWa RE director of wind projects EMEA Lorenzo Palombi said: “This success for BayWa RE also underlines the great opportunity for developers and investors in the growing Swedish wind market, which has become a key destination for renewable energy.”
BayWa RE was supported on the deal by Newsec Infra as financial adviser and Mannheimer Swartling as legal adviser.