Sweden – NTR has reached the €115 million financial close of its 86MW Norra Vedbo wind farm located in the county of Jönköping, in Southern Sweden.
Reichmuth Infrastructure II CIP joins as co-investor into the project alongside NTR’s Renewable Energy Income Fund II, while Skandinaviska Enskilda Banken (SEB), is providing debt finance.
Norra Vedbo project
The Norra Vedbo project consists of 20 Vestas V150 turbines, each with an installed capacity of 4.3MW and once operational, it is estimated that the project will produce enough clean power to serve the annual consumption of c. 44,000 households. The project is expected to enter operations in Q4 2022 and NTR has signed a ten-year clean energy power purchase agreement for the project.
NTR will manage both the construction and continued operations of the project on behalf of both the NTR and Reichmuth funds. Once operational, Norra Vedbo brings to 165MW of wind managed by NTR in the Swedish market.