GE has announced that it will supply 33 of its 5.3 MW Cypress wind turbines, its largest onshore model, for the 175 MW Björkvattnet wind farm in Sweden.
The wind farm is approximately 470km north of Stockholm and will generate enough renewable energy to power the equivalent of 175,000 homes in Sweden. The project is expected to reach commercial operations by the end of 2020.
The project was developed by Swedish wind company Vindparken and its Danish counterpart WindSpace, with support from GE Renewable Energy, and sold to InfraVia Capital Partners, a French infrastructure investor.
GE provided the project with development support, offtake solutions, technical and commercial optimization, and equity syndication expertise through GE Energy Financial Services. Co-sponsors were advised by NewSec, a financial company, and Mannheimer Swartling, a Swedish law firm.
Peter Wells, chief executive for European Onshore Wind at GE Renewable Energy, said: “The Björkvattnet wind farm is an exciting opportunity for GE, and our Cypress platform is ideally suited for the project. Cypress is evolving into a versatile solution well suited for Europe’s varied terrain and wind conditions, including the Nordics, Germany, Spain, Italy and Austria, and we look forward to bringing it to Sweden for the first time. By working across the onshore wind value chain to optimize value for our customers, we will help reach its renewable energy targets.”
Jens Elton Andersen of WindSpace said: “The project is a great example of bringing together the right teams and competencies for successful execution. In the constant changing market, there is a growing need for new sophisticated technical, commercial and collaborative capabilities to maximize value and execution certainty through the development of new renewable energy projects. A landmark project also for the green transition.”
Vincent Levita, chief executive of InfraVia, said the project marked its first investment both in partnership with GE Renewable Energy and also in Sweden. “This investment illustrates our interest in supporting “buy and build” strategies and represents a good opportunity to develop a diversified European wind power generation platform.”
GE will also provide a 25-year full services agreement as part of the project.
The Cypress platform was announced last year and GE says it is the most powerful onshore wind turbine currently in operation. The two-piece blade design enables blades to be manufactured at even longer lengths, while improving logistics to drive costs down and offer more siting options, in locations previously inaccessible.