UK investor Renewable Power Capital to buy 528MW onshore wind pipeline in Sweden

Renewable Power Capital expects the transaction – its biggest deal to date – to close in the next few days

by Craig Richard 1 June 2022

Sweden has 10.6GW of operational onshore wind capacity, according to “uåX˜äŠÊ˜·³Ç Intelligence (pic credit: Green Investment Group)

UK investor Renewable Power Capital (RPC) has agreed to buy a 528MW pipeline of construction-ready onshore wind farms in north-east Sweden.

It will take over responsibility for procurement and construction management of the four wind farms in Kramfors and Sollefteå municipalities in Västernorrland County.

RPC, which is backed by Canadian pension giant CPP Investments, aims to commission the wind farms in 2025.

The acquisition will more than double the company’s pipeline in Sweden and Finland from 317MW to 845MW.

It is the company’s biggest transaction to date and is expected to close in the next few days. 

The newly acquired pipeline includes four wind farms: the 98MW Knäsjöberget project in Sollefteå, the 147MW Sörlidberget  project in Kramfors and Sollefteå, and the 161MW Vitberget t and 149MW Storhöjden projects in Kramfors.

The sellers have asked to remain confidential, an RPC spokeswoman told “uåX˜äŠÊ˜·³Ç.