Vattenfall is to sell a near 40% share in its 301MW Prinses Ariane wind farm in the Wieringermeer to Dutch insurance company ASR.
The latter will acquire 32 of the project’s 82 turbines, or a combined capacity of 118MW.
Vattenfall will continue to service the turbines and take up the electricity from the units.
The sale price was not disclosed.
The deal is part of ASR’s strategy to significantly reduce the CO₂ emissions in the investments and insurance portfolios in the coming years.
For Vattenfall, the sale fits within the strategy of making fossil-free living possible within one generation, it said.
ASR chief executive real estate Dick Gort said: “ASR wants to be a leader in corporate sustainability and remain in the front runners group of sustainable insurers.
“I am proud that this year, following on from the purchase of the Jaap Rodenburg wind farm in Almere, we are now also purchasing part of the largest onshore wind farm in the Netherlands.
“In doing so, we increase our share in sustainable energy projects. We continue to look at the opportunities to invest in renewable energy sources that contribute to the energy transition and a sustainable living environment.”
Vattenfall Netherlands chief executive Martijn Hagens said: “To make fossil-free living possible within one generation, we want to accelerate the energy transition. By selling these 32 turbines to ASR.
“We create financial space to start new projects and bring our ambitions closer. As ASR is committing itself for the long term and upholding all agreements made it will also give the residents of Wieringermeer confidence.”