Danish developer European Energy has sold the operational Zinkgruvan wind farm in Sweden to a German-based asset management company for an undisclosed sum.
The 53.2MW project, constructed and connected to the grid earlier this year, is located 70 kilometres north of Linkoping, near the northern end of lake Vattern.
Zinkgruvan (pictured) consists of 14 GE Renewables turbines with a capacity of 3.8MW, rotor size of 137 metres and hub height of 110 metres.
European Energy said one the major components of the sale is “Zinkgruvan has entered a 10-year offtake agreement with a large international utility”.
“We are pleased that we have managed to successfully sell our first project in Sweden and to be able to secure a multi-year agreement with a large offtaker,” added chief executive Knud Erik Andersen.
European Energy said it now expects its 2019 profit before tax to reach €35-37m, up from its previous forecast of €30-35m.
The company’s projected 2019 EBITDA has been revised upward to €45-47m from €40-45m.