Eurofideme 2 invests in a 200MW greenfield wind project in Sweden
Eurofideme 2 has invested €20m in equity alongside Platina Energy III LP in Sydvastanvind AB, the co-owner of the Jädraås onshore wind project located in Sweden with the Swedish developer Arise Windpower AB.
The project will consist of the installation and commissioning of 66 Vestas V112-3MW wind turbines and is scheduled to be fully operational in 2013. In October 2011, the sponsors closed a €248 million financing from DnB NOR, SEB and the Danish pension fund PensionDanmark, which benefits from coverage from Danish government-backed Eksport Kredit Fonden (EKF).
This project, forecast to be one of the largest onshore wind projects in Northern Europe, was awarded "Deal of the Year" in its category earlier this year by Euromoney and Project Finance Magazine.
“Sweden offers a very attractive environment for wind power due to high wind resources, solid electricity grid and strong policy commitments to renewable energy. We couldn't be more thrilled to be co-investing in this high-profile project with quality partners and to continue contributing to Europe’s growth in clean energy resources.” commented Raphael Lance, Director of Eurofideme 2.
Eurofideme 2* is an investment fund, managed by Natixis Environnement et Infrastructures** (subsidiary of Natixis) and specialized in the financing of renewable energy projects in Europe. It is a shareholder in the French renewable energy developer Vol-V (wind, PV and biogas) and holds a 30% shareholding in Curbans, one of the largest photovoltaic plants in France in partnership with GDF Suez.
NEI and its subsidiary Natixis Environnement & Infrastuctures Luxembourg, affiliates of Natixis (part of BPCE Group), manage seven funds dedicated to equity and quasi-equity investments in the environmental and infrastructure sectors with €1.5 billion of commitments.
NEI, through Fideme and Eurofideme 2, two funds focusing on greenfield renewable energy investments in the European Union, has made 31 investments in the renewable energy segment including approximately 350MW of wind projects in France since 2003 partnering with mid-size developers and leading industrial groups.
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* Fast-track venture capital Fund
** a French management company approved by the AMF