IFLR1000

Fosen Vind 1GW wind farm

22/2/2019
Project development, Project finance
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NKr 11 billion

$ 1.290 billion

Announced

22/2/2019

Overview:

  • Fosen Vind 1GW wind farm
  • Swiss utility group BKW and consortium Nordic Wind Power have made a NKr11 billion investment in the Fosen Vind wind farm project.
  • Nordic Wind Power was created by Credit Suisse Energy Infrastructure Partners.
  • In addition to Nordic Wind, Fosen Vind is also owned by Norwegian utility companies Statkraft and TrønderEnergi.
  • SEB provided financing for Nordic Wind Power with a term loan facility agreement, the value of which remains confidential.
  • The completed project will be the largest onshore wind power project in Europe, consisting of 278 turbines.

Prin Shasiharan - Researcher

Jurisdictions:

Luxembourg
Norway
Switzerland
United Kingdom

Deal types:

Project development
Project finance

Practice area:

Project development

Industry sector:

Energy

Firms:
BAHR

Party: Statkraft (Investor)

DLA Piper

Party: Fosen Vind (Project developer)

Party: Credit Suisse Energy Infrastructure Partners (Investor)

Lawyers: Børge Grøttjord, Erik Ramm, Fredrik Lindblom, Natasha Luther-Jones

Elvinger Hoss Prussen

Party: SEB (Lender)

Lawyer: Cintia Martins Costa

Grette

Party: BKW Group (Investor)

Lawyers: Marius Svendsvoll Langnes, Roland Mörsdorf

Haavind

Party: Fosen Vind (Project developer)

Lawyer: Johan Fredrik Remmen

Selmer

Party: Statkraft (Project developer)

Lawyer: Håkon Sandbekk

Wiersholm

Party: TrønderEnergi (Project developer)

Lawyers: Jon Rabben, Kristine Hasle Øverby

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