The 145MW Klevberget Wind Park in northern Sweden is owned by the UK-based renewable energy investment platform Renewable Power Capital (RPC). The project was developed by Swedish renewable energy company OX2.
Construction works for the wind farm began in February 2022 and it was commissioned in November 2023.
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The wind farm can produce up to 455 gigawatt hours (GWh) of electricity annually, enough to power 80,000 households in the region.
In June 2022, the Nordic Investment Bank (NIB) provided a loan of €44m ($46.6m) to a special purpose vehicle owned by RPC called Klev Wind for the construction and operation of the wind farm.
The establishment of Klevberget Wind Park is expected to help Sweden to reach its sustainability goal as it aims to achieve a 59% reduction in greenhouse gas emissions by 2030 compared to 2005 levels.
Klevberget Wind Park Location
Klevberget Wind Park is located south of Fransta and Ljungaverk in the municipality of Ange. The site is within Vasternorrland county.
The area is not the usual grazing area for reindeers. However, the local Sami people can continue to utilise the area as back-up area for grazing.
Background
Initially, the development of the wind project was initiated by a group of local landowners. The project secured the necessary permits in 2018.
Swedish energy company Vattenfall acquired the project in the same year and carried out detailed planning, improved its grid concessions and complementary inventories.
OX2, another renewable energy platform, acquired the Klevberget wind farm from Vattenfall in November 2021 and built it.
In February 2022, RPC, which is backed by the Canada Pension Plan Investment Board (CPPIB), acquired the wind farm for SEK2bn ($192m). The deal marked OX2’s fourth such acquisition in less than two years.
Under a 15-year agreement, OX2 will continue to be responsible for the technical and commercial management of the project to ensure optimise production and safe operations.
Klevberget Wind Farm Details
The Klevberget Wind Farm features 24 GE Cypress wind turbines. The 6.1MW wind turbines have a rotor diameter of 158m with hub heights of 200m.
The construction of foundations and access roads was completed in 2022, while the assembly and installation work of the wind turbines were carried out throughout the majority of 2023.
The project will help offsetting 120,000tonnes of carbon dioxide emissions annually.
Along with the wind farm construction, OX2 worked with the Swedish sport fishing association and forest company SCA to improve the biodiversity around the wind farm by restoring wetlands and re-establishing the freshwater pearl mussel.
Contracts and Agreements
GE Renewable Energy, a wind turbine manufacturer and subsidiary of GE, won the contract to supply 24 Cypress wind turbines for the project.
Under a 35-year contract, the company will also be responsible for providing operational maintenance services to the facility.
According to the company, the Cypress onshore turbines will enable Sweden to meet growing requirements of renewable and sustainable energy.
The turbines are available as single-piece or jointed blade variants, thereby improving logistics and enabling better operational output from remote sites.
Sweden-based law firm Cirio advised OX2 on the acquisition of the wind farm from Vattenfall, while RPC received legal counsel for the acquisition of the wind farm from Mannheimer Swartling.
In May 2023, Faurecia, a business within the automotive supplier FORVIA Group, signed a ten-year power purchase agreement (PPA) with RPC to purchase almost all the energy produced by the Klevberget onshore farm.
Schneider Electric advised FORVIA in project selection and negotiations.
