Swedish wind power developer Nordisk Vindkraft and Mirova, the asset management arm of Natixis, have announced that they have signed agreements for the sale, construction and operational management of the 27.6 MW Våsberget wind farm in Gävleborg County, Sweden.

Mirova acquired the asset through its fund Eurofideme 3.

The Våsberget wind farm project is located 8 km southwest of Ramsjö, and comprises 8 Vestas V117 turbines with a rated capacity of 3.45 MW.

French asset manager Mirova is acquiring 80% of the wind farm while Nordisk Vindkraft retains a 20% ownership share. Nordisk Vindkraft will build and operate the wind farm.

The wind farm whose targeted energisation date is September 2016 will produce 80 GWh of green electricity annually, enough for the consumption of 32,000 Swedish households.

Arne Lorenzen, CEO of Nordisk Vindkraft, said:

“We are very pleased that Mirova has chosen to invest in a wind farm developed by Nordisk Vindkraft. We share with Mirova a long term view of the renewable energy sector and we look forward to building and operating the project with such an experienced partner. This shows that high quality projects can attract investors to the Swedish renewables market.”

Raphael Lance, Head of Mirova Renewable Energy Funds, commented:

“The constructive collaboration with Nordisk Vindkraft has been instrumental in making this partnership possible and we are delighted to team up for the first time with the RES Group to build the Våsberget wind farm. This project, which would be our third in Sweden, features excellent fundamentals enabling highly competitive electricity production.