O2 Vind sells project to German fund

Swedish wind developer O2 Vind has signed a deal to sell an 8-turbine project in Dalarna province, central Sweden, to a fund owned by Germany’s Goodyields Capital upon its completion.

The wind farm, employing Vestas V100-2.0MW turbines, is due for completion in early 2015, with preparatory works to commence immediately.

Munich-based Goodyields Capital will buy the project via its Renewable Energy Infrastructure Fund (REIF), with O2 tapped to stay on for O&M purposes.

The deal represents REIF’s first investment in Swedish wind.

The project benefits from “good wind conditions” and Sweden’s “low level of risk”, notes REIF managing partner Ralph Seraphim.

This summer O2, a leading wind developer in Scandinavia, sold its third wind farm to Ikea.