Swiss fund manager Susi Partners has secured project financing for the almost 95MW Lyngsasa wind farm in Sweden.
The company, which manages the Susi Renewable Energy Fund 2, said financing including a bridge facility and a long-term KfW-backed facility had been agreed with Hamburg Commercial Bank.
Susi Partners was advised on the financing by law firm Watson Farley & Williams (WFW).
It has also secured a long term power purchase agreement with an unnamed buyer for the electricity from the project.
Lyngsasa will comprise 22 Vestas V150 turbines and is being built under a turnkey construction agreement with German developer BayWa RE, which sold the project to fund.
It is expected to be completed in 2021, when it will produce 315 gigawatt-hours of electricity a year.
The WFW Germany Banking & Finance team advising Susi Partners was led by partner Thomas Hollenhorst, supported by managing associates Marcus Mutzelburg and Pascal Unger, as well as associate Jakob Paluszkiewicz.
The WFW team worked closely throughout the transaction with Susi Partners’ local Swedish counsel Vinge.
Hollenhorst said: “We are delighted to have advised Susi Partners on this complex German law financing of a Swedish wind farm.
“That we were selected to advise on such a transaction demonstrates once again WFW’s first class reputation for acting for both lenders and sponsors in the PPA market, including in the Nordic countries.”