Siemens Gamesa, Arise and Foresight to build wind project in Sweden

Renewables

Sweden – The Siemens Gamesa 5.X, the company’s most competitive onshore platform, will be used in a partnership between Siemens Gamesa, Arise, and Foresight Group for another significant project in Sweden.

The project will be purchased by Foresight Energy Infrastructure Partners, the primary energy transition fund of Foresight Group.

Early 2025 will see the installation of the 277 MW Kölvallen project, which will include 41 SG 6.6-170 units and one SG 6.6-155 unit. The Skaftsen project, which is currently being installed and is being managed by the three companies, will be close by the wind farm. The Siemens Gamesa 5.X platform, one of the most competitive in the onshore market in terms of Levelized Cost of Energy (LCoE), was first utilized by Skaftsen.

Long-term deal

The parties’ agreement is also notable for its extensive 35-year service contract, which guarantees that the machines will function at their peak throughout their lifetime. For the SG 6.6-170 turbines, they will be mounted on 135-meter towers, and for the SG 6.6-155 turbines, on a 122.5-meter tower.

Foresight was advised on the debt structuring of the deal by Newsec Infra, and commercial bank NORD/LB provided a financing package as the sole Mandated Lead Arranger to support the construction of the wind farm.

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