Aquila European Renewables Income Fund (AERIF) has today announced plans to increase its existing investment in Svindbaek Vindkraft HoldCo by acquiring three additional wind turbines (Svindbaek II) for €13.2 million ($14.1 million).
The acquisition of Svindbaek II completes the acquisition of all wind turbines associated with the Svindbaek wind farm.
The new investment provides for 9.6 megawatts of installed capacity and has been operating since 2018. The project benefits from a Danish premium tariff (feed-in premium structured as a contract for difference) for a fixed volume of production, which is expected to last for approximately nine years.
Svindbaek II helps to save 6,562 tons of carbon dioxide emissions per year, saving an estimated 157,482 tons over the projected lifetime of the asset. Upon completion of this deal, the company will have invested approximately 63.1 percent and committed another 18.9 percent of its total proceeds, amounting to €194.3 m
