Ardian, a global private investment house, has made a €300 million ($341 million) investment to build a wind farm in Åndberg/Härjedalen, Sweden. Ardian acquired the development rights of the project from OX2, a Nordic renewable energy developer. Ardian has also engaged OX2 to lead the construction and technical management of the facility. The wind farm will be operational in 2021 and is expected to produce in excess of 800GWh per year.
The 53-turbine wind farm will be one of the largest in Sweden, which is a world leader in the innovation and development of sustainable energy. Sweden has passed legislation to go “carbon neutral” by 2045, with Denmark, Norway and Finland all having made similar commitments.
Ardian’s portfolio in the Nordics, which already includes two wind farm investments in Norway and Sweden, will now exceed 400 megawatts of gross capacity, corresponding to the yearly energy consumption of more than 600,000 electric vehicles. Separately, OX2 is currently building a record of more than 1 gigawatt of wind power in the Nordics, of which approximately 90 percent is in Sweden.
