Eolus has signed an agreement with Commerz Real for the sale of three wind projects in southern Sweden totalling 68MW.
The €82.5m transaction covers all the shares in the three project companies that hold the project rights for the 24MW Boarp in Vaggeryd municipality, the 26MW Dallebo in Ulricehamn municipality and the 18MW Rosenskog in Falkoping municipality.
Eolus will construct the wind farms and Commerz Real will initially fund the construction via an all equity investment.
The wind farms are expected to be delivered to Commerz Real in the autumn of 2023.
Commerz Real infrastructure investment head Jan-Pater Muller said: “The wind farms contribute to our international diversification and are an important step for further growth.
“They show our dedication to strengthen our position in the international renewable investment market.”
As part of the agreement Eolus will provide technical, operational and administrative services for the wind farms to “maximise outcome and production” from the facilities.
Eolus chief operating officer Marcus Landelin said: “We are excited about this deal with Commerz Real providing a portfolio of attractive projects in southern Sweden.
“By bundling these high-quality projects, we have created a good investment opportunity for a new investor of ours.
“We are also very pleased with the trust that Commerz Real show Eolus by letting us provide technical, operational and administrative services for this investment.”