Renewable Power Capital gets 555 mln euro financing for Swedish wind farms
LONDON, May 22 (Reuters) -Renewable Power Capital (RPC), a renewable energy investment platform backed by the Canada Pension Plan Investment Board, said on Wednesday it has secured a 555 million euro ($602 million) financing for its onshore wind portfolio in Sweden.
The portfolio comprises four wind farms in the Kramfors and Sollefteå municipalities in Sweden, all currently under construction.
When completed, the projects will have a combined capacity of 553 megawatts and be capable of providing enough power for the equivalent of 182,000 households, RPC said.
The finance facility, now closed, was provided by lenders such as CIBC, Danske Bank DANSKE.CO, Export Development Canada and NatWest NWG.L .
Germany's Nordex NDXG.DE will provide turbines for the wind farms, which are expected to begin operations between the fourth quarter of 2025 and the first quarter of 2026, RPC added.
Renewable Power Capital invests in the development, construction and operation of onshore wind, solar and battery storage projects.
($1 = 0.9222 euros)
Reporting by Nina Chestney
Editing by Tomasz Janowski
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
