Zurich, June 9, 2022 – The inauguration of Nysäter Wind marks a significant contribution to the energy transition and security of European energy supply during a year that has shown these topics are more important than ever.
Today, northern Sweden’s Nysäter Wind will be inaugurated by Energy Infrastructure Partners, or EIP, and RWE Renewables, developer and minority co-shareholder of the project, which began construction in 2018. Nysäter Wind is majority-owned by funds managed by EIP and consists of 114 turbines with a combined output of approximately 1.7 terawatt hours of electricity per year. This is enough to supply the equivalent of over 300,000 Swedish homes with electricity, making it one of Europe’s largest onshore wind farms. The project also features a landmark offtake agreement with a blue-chip energy company. This power purchase agreement will run for 15 years and is one of the largest of its kind on record.
“The importance of securing energy supply and reducing reliance on traditional means of generation in Europe is paramount,” commented Roland Dörig, EIP Managing Partner. “We are proud of this accomplishment, made on behalf of our clients, who are supporting the vision of a fossil-free future with their investment.”
Sweden aims to meet 100% of its electricity needs from renewable sources by 2040, which will require continued large-scale investment in renewable technologies. Nysäter Wind supports the achievement of these climate targets by harnessing the excellent wind resource along the coastal area of northern Sweden, feeding the energy produced into the electricity grid.
“Successfully erecting 114 turbines is no small feat,” said Tobias Griesshaber, EIP Co-Head of Investments. “Considering all the phases of such a large project, and especially given the Covid-19 pandemic and related supply-chain issues, as well as the thousands of people who have been involved across all project stages, the result truly is a testament to the might of what we can accomplish when we work together.”
The inauguration will be attended by representatives of the Swedish government, media, industry and other areas of business. Prior to cutting the ribbon, there will also be a panel discussion about Sweden’s management of the climate transition, the significance of successful lighthouse projects like Nysäter Wind, and tackling increasing demand of electricity. The official event will be followed by a celebration open to members of the public, including entertainment, food and an exhibition enabling guests to visit and learn about the wind farm.
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Energy Infrastructure Partners AG
Energy Infrastructure Partners AG (EIP) is a Switzerland-based manager of collective assets focused on high quality, large-scale renewables and system-critical energy infrastructure assets. With over CHF 4 billion under management, EIP leverages an extensive industry network, broad transaction experience and close partnerships with energy suppliers and the public sector in order to develop and manage investment solutions for institutional investors globally. These clients, primarily pension funds, insurances and large family offices, seek investments in long-term, visible cash flow-generating assets that also contribute to security of energy supply, positive economic, ecological and social development, and the retirement provision of the population.