GE behind significant Swedish wind farm

GE and the Green Investment Group have announced they will be working to deliver the 650 MW Markbygden wind farm in Sweden.

The facility, according to a statement, will be the largest single-site onshore wind farm in Europe.

The Green Investment Group, recently acquired by Macquarie, will be 50/50 equity investors with GE Energy Financial Services on the à‚£2.3bn project.
Green finance graphic
Construction has already begun, and GE Renewable Energy will supply 179 of its 3.6 MW wind turbines, with completion expected by the end of 2019.

“Having worked on the development of the Markbygden cluster of wind farm projects since 2002, Svevind is very excited to see this partnership with GE Renewables, GE Energy Financial Services, and the Green Investment Group come to fruition,” saidà‚ Wolfgang Kropp, CEO of Svevind.

“We are excited to have been chosen by Svevind to contribute to this massive project,” addedà‚ Pete McCabe, President & CEO of GE’s Onshore Wind Business. “Markbygden ETT marks our commitment to the Swedish onshore wind arena and extends our presence in Europe while showcasing our technical capabilities ࢀ” with LM Wind Power ࢀ” and project development and management differentiators.”

Together, GE Renewable Energy and Green Investment Group Limited raisedà‚ approximately $928m in financing for the project.

“This project is a landmark transaction on many fronts and represents the new frontier in European onshore wind,” saidà‚ Edward Northam, Head of the Green Investment Group in Europe. “It demonstrates that in the right market, with the right location, the right technology and the right partners, it is possible to develop and attract private capital into new onshore wind farms.”

No posts to display