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SGRE Powers Google in Sweden
Siemens Gamesa Renewable Energy (SGRE) has secured an order to
supply its turbines for a 254MW wind farm in Sweden that will
power Google's Hamina data centre in Finland.
The Stavro wind farm, SGRE's largest ever onshore wind order in
Sweden, will use 62 turbines with a 4.1MW rating. It is expected
online by the end of 2021.
Stavro is located in the northern part of Sweden, northwest of
Umeå, and divided into two sub-sites: Blodrotberget, with 40
turbines, and Blackfjället, with 22 turbines.
Commissioning of the wind farm is scheduled for the end of 2021
and the project will be covered by a 30-year service agreement
also delivered by SGRE. The grid connection, comprised of
engineering, civil works, installation and commissioning of the
two 150/33 kV sub-sites, will be provided by Siemens Gas and
Power.
The project is realized by German Asset Manager Prime Capital AG
on behalf of an international consortium comprising Korean
institutional investors, German Pension Fund Nordrheinische
Ärzteversorgung and Siemens Financial Services, whose financial
expertise and proven wind investment experience was key to
successfully making Stavro a reality.
"The Scandinavian market continues to show its great potential
for wind power and increasing demand for renewable energy as it
strives to reach climate neutrality by 2050. The project will
facilitate Holmen's transition to 100% renewables consumed in its
business and meet part of the fast-growing demand for electricity
of Google's European data centers," said Alfonso Faubel, Siemens
Gamesa's Onshore Business Unit CEO.
He added: "Projects like Stavro illustrate how we in Siemens
Gamesa drive the transformation towards renewables through
strong, long-term relationships where we are constantly working
to offer innovation, technology and solutions tailored to the
needs of the individual customer."
The project is the second large scale transaction of this kind
that Prime Capital has commercialized and built in the last two
years and is representative of a strategy it will launch in a
fund format in the first half of 2020, enabling access to a
broader range of institutional investors.
"Scandinavian wind is at the core of our current renewable energy
strategy, as we can leverage on both a unique competitive
advantage in sourcing and realizing projects and very favorable
market conditions for investing. Our close collaboration with
SGRE has enabled us to source the project early and to add value
through a full-scope commercialization process. This strategy, in
a market benefiting from one of the world's best wind resources
and the ability to realize large-scale projects, increases
overall profitability and risk-adjusted returns for our
investors," said Andreas Kalusche, CEO for Prime Capital.
Nov 7, 2019
