Friday, December 9 2022 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Dec 05
Week of Nov 28
Week of Nov 21
Week of Nov 14
Week of Nov 07
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Prime Capital bolsters operations with Nordic wind, green hydrogen deals

    September 27, 2022 - SeeNews Renewables


      September 27 (Renewables Now) - German independent asset manager Prime Capital AG today announced a 290-MW wind portfolio acquisition in Sweden and the creation of a joint venture with project developer CPC Finland seeking to build a 200-MW green hydrogen plant.

      The deals were signed on behalf of the German firm’s EUR-1-billion (USD 966.4m) Prime Green Energy Infrastructure Fund (PGEIF).

      Specifically, the asset manager will buy three wind farms in Lycksele, Sweden, from UK-based RES Group in a deal seen to be finalised in the closing quarter of 2022. The plants will be switched on in 2025 and will generate roughly 1 TWh of electricity, part of which will be used for an unspecified Power-to-X (PtX) project in the region.

      Through the partnership with CPC Finland, Prime Capital will develop a PtX project in Kristinestad, Finland, to produce green hydrogen and e-methane. The proposed facility is planned to be powered with 600 MW of renewable energy projects that the Finnish developer will provide for the joint venture initiative. Thus, at least 80% of the plant’s power demand will be sourced from the JV’s own production capacity.

      With permitting procedures underway, construction works on the PtX project are due to be launched in 2024. The complex is planned to be commissioned in 2025.

      “The Nordic green hydrogen/power-to-X market has a significant market potential in light of increasing hydrogen and synthetic fuels demand in Europe, accelerated as a result of the Ukraine war,” said Mathias Bimberg, Head of Infrastructure at Prime Capital AG.

      (EUR 1.0 = USD 0.966)


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.