IFLR1000

Fosen Vind 1GW wind farm

22/2/2018
Project development, Project finance, Financial investment
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NKr 11 billion

$ 1.290 billion

Completed

22/2/2018

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.

Kurt Stumpo - Journalist

Jurisdictions:

Luxembourg
Norway
Switzerland

Deal types:

Project development
Project finance
Financial investment

Practice areas:

M&A
Project development

Governing law:

Norway

Industry sector:

Energy

Firms:
BAHR

Party: Statkraft (Investor)

DLA Piper

Party: Credit Suisse Energy Infrastructure Partners (Investor)

Party: Fosen Vind (Project developer)

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

Elvinger Hoss Prussen

Party: SEB (Lender)

Lawyer: Cintia Martins Costa

Grette

Party: BKW Group (Investor)

Lawyers: Marius Svendsvoll Langnes, Roland Mörsdorf

Wiersholm

Party: TrønderEnergi (Investor)

Lawyers: Jon Rabben, Kristine Hasle Øverby

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