Germany-based energy company EnBW has made its first foray into Sweden’s energy market, buying up an installed wind capacity of 105MW.
The company, through its new local subsidiary in Falkenberg, has bought two companies which own seven wind farms between them.
EnBW has acquired 47 of the 51 wind turbines from the operating company Power Wind Partners (PWP), which is equally owned by the three Swedish financial investors.
Proventus is a privately held investment company, FAM is a wholly owned company of the Wallenberg Foundation and Folksam is an insurance company.
The remaining four wind turbines are from Gnosjö Energi, which is owned by Folksam.
The total of 51 wind turbines make up a high-yield portfolio. Some are also suitable for later repowering.
The largest share of turbines – 42 in total – are Vestas V90-2.0 models, five are Siemens SWT-101 models and four are Nordex N90-2.5 models.
Five wind farms are located in Svealand, central Sweden, one is in Norrland and the other is in the Gotaland region in southern Sweden.
EnBW head of portfolio development Dirk Gusewell said: “We only founded our Swedish subsidiary a few months ago, and the fact that we are now already concluding the first major acquisition confirms our decision to selectively internationalise our business and shows the role we believe Sweden plays for us as a growth market.
“It is an important step that will help us grow here and position us as a reliable partner for the further expansion of renewable energies.”
In addition, two EnBW Sverige has acquired two grid companies and is also constructing its own wind farm with three turbines and an output of around 11MW in Rammarehemmet, in the municipality of Tidaholm.
Along with France, Sweden is the second foreign market within Europe where EnBW has chosen to expand its business in the area of onshore wind energy over the next few years.