Mirova has acquired an 85.8MW wind farm project in Sweden from RES for an undisclosed amount.
RES, which sold the Rödene Wind Farm to the Mirova-Eurofideme energy transition fund, will provide asset management services once it completes the construction of the wind farm.
Rödene Wind Farm is situated outside Alingsås in Västra Götaland, Sweden. The project consists of 13 turbines.
This is the third project sold by RES to Mirova, following the Våsberget wind project in 2015 and the Vardafjellet project in 2018. The deal is first investment in Sweden for Mirova-Eurofideme 4.
Matilda Afzelius, CEO of RES in the Nordics said: “We look forward to building and operating this project with our client Mirova in this part of the country where electricity demand is particularly high. It’s impressive to think that these 13 turbines will deliver the equivalent power demand of the local city of Alingsås.”
Raphaël Lance, head of energy transition funds at Mirova, said: “We are happy to have been able to sign the acquisition of this project in spite of the challenging environment thanks to the strong relationship we have built over the years with RES.
“In this time of economic slowdown and change, we remain committed to increasing local production of renewable energy and pursue our extension in the Nordics started 10 years ago.”