The investment fund 2 EUROFIDEME, managed by Natixis (BPCE group), recently invested 20 million euros in an equity in Sydvastanvind, co-shareholder of Jädraås wind farm in Sweden, with Swedish developer Arise Windpower.
The project involves the installation and commissioning of 66 Vestas V112-3MW (or 198 MW) whose operation should be launched in 2013. In October 2011, the project sponsors had signed a financing EURO 248 mln, provided by DnB NOR, SEB and the Danish pension funds PensionDanmark, itself covered by the Danish public export credit Eksport Kredit Fonden (EKF).
This project, which will be one of the largest wind projects in northern Europe, was named “Deal of the Year” in its class and by Euromoney Project Finance Magazine in March 2012.
“Sweden offers a particularly attractive for the development of wind projects because of a good deposit of wind, the reliability of its electricity network and an energy policy firmly focused on renewable energy. We are delighted to participate in this landmark project with quality partners and contribute to the development of renewable energy in Europe, “said Raphael Lance, Director of EUROFIDEME 2.
EUROFIDEME 2 is an investment fund specializing in financing renewable energy projects in Europe. It holds a stake in the French developer Flight-V (wind, solar and biogas) and is a shareholder at 30% of Curbans, one of the largest solar farms in France, notably in partnership with GDF Suez.