Octopus Renewables Infrastructure Trust (ORIT), an impact fund helping accelerate the transition to net zero, has plans to sell the 48-megawatt Ljungbyholm wind farm in Sweden to a German institutional investor for approximately €74 million ($81 million), according to multiple reports.
ORIT will use the net proceeds to repay part of its short-term debt facility.
Construction of the Ljungbyholm onshore wind farm commenced in 2020 and entered into commercial operation in June 2021. It was developed by Octopus Renewables Infrastructure Trust and OX2 in a single phase, according to Power Technology. In March 2020, ORIT acquired the wind farm at the pre-construction stage and funneled €68 million ($74 million) into the project.
The Ljungbyholm wind farm generates 150,000 megawatt hours of electricity, offsetting 90,000 tonnes of carbon-dioxide emissions per year.
