A large-scale onshore windfarm – Björnberget – is being planned in Sweden, with the Swedish Export Credit Corporation (SEK), a Nordic bank, contributing to finance the project. The wind farm will have a total capacity of 372 MW and will be located in Ånge, 100 km west of Sundsvall, Sweden. Its commercial operation is expected to begin in 2023.
Together with the two banks, KfW IPEX-Bank and DekaBank, SEK is providing total loan facilities of EUR 300 million with maturities of 18 years. The borrower is Björnberget wind farm, and the project owners are Enlight Renewable Energy and the Prime Green Energy Investment Fund.
The RES Group is developing the project and will also provide asset management services for the wind farm on its completion. Meanwhile, PEAB and Stenger & Ibsen are conducting the infrastructure and civil engineering works. The wind farm will comprise 60 Siemens Gamesa 6.2 MW turbines. With the electricity it generates, the wind farm will be able to meet the energy needs of about 300,000 households.
The Swedish Export Credit Corporation (SEK) is a state-owned company that finances Swedish exporters, their suppliers, and international buyers of Swedish products and services. SEK has lending activities in 60 countries. By financing industry’s transition within energy, transportation, shipping and smart cities, SEK supports the crucial climate transition as well as increased sustainable exports.