APG and Asper have started construction of a new onshore wind project in their Swedish wind platform. The 60MW Raftsjöhöjden wind farm is owned and financed by APG for Dutch pension funds ABP and PPF. It is the fifth project in the Asper platform to be backed by APG, whose Swedish portfolio now comprises 494MW, with an annual expected production of 1.6TWh. Enough electricity to power 320,000 Swedish households.
The wind park is located outside Östersund in central Sweden. The project was developed by Vasa Vind - a portfolio company managed by Asper - who will also manage the construction and local operations of the wind park. The project will utilize 11 GE 5.5MW – 158m turbines. GE will also provide a long-term service agreement for the project.
“We are delighted to build up and see our Nordic platform grow further. Together with Vasa Vind and GE, we have engineered and optimised this project to make it an accretive addition to the existing APG portfolio” said Allister Sykes, Director at Asper Investment Management.
Dirk Hovers, Senior Portfolio Manager at APG, adds: “This is our fifth investment in Nordic wind with Asper and Vasa Vind. Nordic power is a strategic area for our infrastructure investments in renewable energy and we are looking forward to work on this and other successful projects with our partners at Asper and Vasa Vind.”