Norway's Hafslund takes 50% stake in owner of lake-based wind project off Sweden
Oslo city-owned utility and Norwegian peer Cloudberry Clean Energy form 50-50 joint-venture for wind projects, including 100MW array in Lake Vänern
Cloudberry Clean Energy (CCE) and Hafslund, the utility owned by the Norwegian capital city of Oslo, have entered into a share purchase agreement for a 50% stake in CCE’s offshore wind unit, Cloudberry Offshore Wind (COW)
Completion of the sale to Hafslund of half of COW – which indirectly owns Stenkalles Grund, a 100MW project in Sweden’s Lake Vänern, the world's largest clean water wind farm – is expected today (Monday).
“Stenkalles Grund is an exciting project that allows Hafslund to rapidly establish presence in the Swedish power market,” Hafslund deputy chief executive Martin Lundby said when the 50-50 joint venture was first announced in July. “It will bring new renewable power to the market already by 2025.
“We are impressed by Cloudberry’s efforts in developing the project and look forward to the collaboration towards FID and realisation of Stenkalles Grund.”
CCE chief development officer Charlotte Bergqvist added the lake project will be “the start of a long and extended cooperation”.
It is yet unclear whether the new right-leaning government likely to take power in Stockholm after elections earlier this month will pursue the same policies.
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