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    MEAG Acquires 75% Stake In 260MW Wind Project In Sweden

    June 16, 2022 - Fitch Solutions Sector Intelligence


      THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.

      MEAG Acquires 75% Stake In 260MW Wind Project In Sweden

      • 16 Jun 2022
      • Sweden
      • Infrastructure

      News: MEAG MUNICH ERGO Asset Management has formally acquired a 75% stake in the 260MW Stor-Skälsjön wind project in Sweden from Eolus Vind and Hydro REIN. In April 2022, Eolus and Hydro REIN?agreed to sell?51% and 24% stakes respectively at an enterprise value of EUR361.4mn (USD378mn). Hydro REIN will own remaining 25% of the asset and expects to receive a consideration of EUR18mn (USD18.7mn) for its own portion of the transaction. Norway-based Telenor Infra will purchase around 330GWh of electricity per annum for ten-years from the power plant. The 42-turbine wind facility is planned to be operational in Q323 (Renewables Now).

      This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). FSG is solely responsible for the content of this report, without any input from Fitch Ratings.


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