Fred Olsen Renewables has nailed down €480m ($482m) of equity financing to back current and future onshore wind farms in a clutch of major European markets.
The deal initially covers three existing wind farms totalling 258MW in the developer’s home market Norway and Sweden, with an investment fund backed equally by Norwegian pension group KLP, asset manager MEAG and Singapore’s Keppel Corporation taking 49% for €176m and Fred Olsen retaining the rest.
