Swiss energy company Fu-Gen and UK asset manager Abraxas Capital Management have reached financial close on the 42MW Fjallboheden wind farm in Sweden.
The €56m project, which is located in Vasterbotten county northwest of Skelleftea, will feature 10 Vestas 4.2MW turbines.
Installation of the grid connection lines will be initiated this month, with access roads and foundations to be built during the summer of 2020.
Fjallboheden will be built under the direction of Cameus and Topwind Consultancy and will start producing energy in the summer of 2021.
Fu-Gen and Abraxas acquired the project from Engie in July.
Fu-Gen chief executive Yaron Feingers said: “This project is in line with the company’s vision and strategy.
“Our local team is well established in the region and we are excited to expand our portfolio in Northern Sweden with Fjallboheden and other projects in the future.”
Abraxas’s Balthazar Cazac said: “We have identified Sweden as an optimal core market for our Sustainable Investment Fund’s growth and diversification strategy.
“We are excited about the cooperation with Fu-Gen and the construction of Fjallboheden.
“We look forward to opportunities for investments in more wind power projects, together with Fu-Gen in Sweden.”