Siemens Gamesa is to supply 60 turbines for Prime Capital and Enlight Energy’s 372MW Björnberget onshore wind farm in Sweden.
The project will utilise the 5.8-170 model, operating at 6.2MW and using Siemens Gamesa’s largest onshore rotor, with turbines to be installed in 2022 in the municipality of Ange, in central Sweden.
The project, Siemens Gamesa’s largest order for the platform to date, was developed by RES, which will provide the balance of plant for the project and commercial and technical management during the operating phase.
Prime Capital said it was is in exclusive negotiations with a global technology company to sign a 10-12 year power purchase agreement (PPA), offtaking roughly half of the project’s electricity production.
It is one of the largest onshore wind projects to start construction in Europe this year and is expected to reach commercial operation at the beginning of 2023 and produce around 1.1 TWh of clean electricity annually.
The wind turbines, which have been certified for a 30-year lifetime, will be covered by a 15-year service agreement.
“I am delighted to see our partnership with Prime Capital strengthened as well as welcoming Enlight as a new customer,” said Siemens Gamesa chief executive Andreas Nauen.
“This deal shows the trust that both long-standing as well as new customers have in the Siemens Gamesa 5.X technology, which is leading the Nordics market thanks to its unmatched reliability and competitiveness.”
The deal also marks the first investment of Prime Capital’s Prime Green Energy Infrastructure Fund.
PGEIF focuses on wind-powered energy assets in the Nordic countries, with no reliance on government support.
It has also brought in co-investor Enlight Renewable Energy (Enlight), a Tel-Aviv-listed independent power producer, with over 1.4 GW under operation and construction.
“With project Björnberget, Prime Capital’s renewable energy portfolio in the Nordics will soar to over 1GW, making us the second largest investor in the region,” said Prime Capital’s head of infrastructure Dr Mathias Bimberg.
Advising Prime Capital on the deal were DLA Piper on the legal side, TÜV SÜD on the technical side and PWC on tax and structuring.
As of June 2020, Prime Capital has approximately EUR 17.7 bn Assets under Management, managed and administered.