Wind energy in Sweden: Allianz Capital Partners orders 37 Vestas wind turbines for a wind power plants

Vestas announces this 122 MW project which will be located in Sweden’s Ljusdal and Bollnäs municipalities, and will be the country’s first wind power plant to use the V117-3.3 MW turbine.

This order brings Vestas’ announced order intake in the first quarter of 2015 above 1 GW.

 

Allianz Capital Partners is the Allianz Group’s in-house investment manager for alternative investments.  With a combined generation capacity of more than 1,200 MW, it is one of the world’s largest financial investors in renewable energy.  The Sörby project has been developed by Kraftö Vind AB, a well-established developer with a large portfolio focusing primarily on Sweden. Kraftö will manage the construction of the wind farm.

Turbine delivery is scheduled to begin in the first quarter of 2016 with commissioning expected to start during the second quarter of 2016. The contract includes supply, installation and commissioning of the turbines, along with a VestasOnline® Business SCADA solution and a 15-year full-scope service agreement (AOM 5000).

“We are very pleased to become the owner of the 122 MW Sörby project which materially strengthens our position in the Swedish wind market. We look forward to working with both Kraftö and Vestas to ensure the smooth construction and optimal long-term operation of the project”, states David Jones, Head of Renewable Energy at Allianz Capital Partners.

”The open mindset approach that has characterised our cooperation with the Vestas team has enabled us to continuously improve the business case certainty all the way to financial close. Furthermore, the selection of the V117-3.3MW turbine ensures that we enhance the already solid wind resources at the site” says Anders Barne, CEO of Kraftö Vind AB.

“Vestas’ wide range of wind turbine types is well-suited for all market conditions and thus offers our customers a strong business case for their wind power investments”, says Klaus Steen Mortensen, President of Vestas Northern Europe. “We are really pleased with being selected as the supplier and long-term service partner on the 122 MW Sörby project”.

Today, Vestas has delivered about 1,600 wind turbines, totalling more than 2,500 MW, to Sweden.