European infrastructure fund Marguerite is to acquire the 42MW Brannliden wind farm in Sweden from developer OX2.
Construction of the project in Skelleftea is due to start immediately and wrap up in late 2019 or early 2020 with OX2 leading the charge.
Brannliden will feature Vestas V136 4.2MW turbines and is expected to produce 160 gigawatt-hours per annum.
OX2 transaction director Christoffer Brandorf said: “Brannliden offers an outstanding wind resource and – at an average wind speed of over eight metres per second at hub height – the site represents one of the best onshore wind power locations in the Nordics.”
He added: “Project development was initiated by OX2 in 2013 and we are pleased to see construction now commence.”
Marguerite partner William Pierson said: “This investment follows our renewable strategy to focus on low-subsidy projects with highly competitive cost of energy. We are excited about our future collaboration with OX2.”
OX2 has developed a range of wind farms in Sweden and across the Nordics included the Ajos repowering in Finland (pictured).