Eolus has ordered Vestas turbines for the over 130MW Backhammar wind farm in Sweden.
Vestas will supply 22 V136 and nine V150 4.2MW turbines for the project, which is located in the municipalities of Kristinehamn and Degerfors.
Eolus has also agreed to sell the wind farm to a fund advised by KGAL and Kempen Private Markets Fund for €131m once operational in August 2020. Eolus will construct the wind farm and KGAL will provide construction financing.
KGAL Investment Management managing director Michael Ebner said: “We are delighted to have acquired another wind farm from our long-standing partner Eolus equipped with state of the art turbines from Vestas.
“The investment strengthens our footprint in the Scandinavian renewables market and levers the co-investment structure we have implemented.”
Eolus chief executive Per Witalisson said: “We look forward to providing KGAL with yet another project from Eolus high quality project portfolio. This is the fifth wind farm we have been entrusted to provide KGAL with. We are very pleased with the trust that KGAL once again puts in Eolus.”
The sale of the wind farm is subject to fulfillment of a number of conditions before closing, Eolus said.