General Electric (GE) has announced a new partnership with the Green Investment Group to deliver and operate a 650 megawatts (MW) of onshore wind farm in Sweden.
It said that the Markbygden ETT wind farm, located in the north of Sweden, would be home to Europe’s biggest single site onshore wind farm and would boost the country’s installed wind generation by over 12.5 per cent.
A recent statement said that GE Energy Financial Services and the Green Investment Group – part of the Macquarie Group – had jointly acquired the project from wind developer Svevind, which has been working on the development for the past 15 years.
Similarly, the CNBC reported that approximately €800 million ($928 million) has been raised in financing for the project.
Also, construction on the facility has started and it is expected to be fully operational by the end of 2019. Equally, GE Renewable Energy will provide the project with 179 of its 3.6MW turbines.
To deal with adverse weather conditions, the turbines will make use of an ‘ice mitigation system’ developed by LM Wind Power.
“Markbygden ETT marks our commitment to the Swedish onshore wind arena and extends our presence in Europe,” said Pete McCabe, president and CEO of GE’s onshore wind business, in a statement. McCabe, also said the project would show GE and LM Wind Power’s technical capabilities.
It was further noted that aluminium giant, Norsk Hydro will purchase power produced from the site through a 19-year fixed volume corporate power purchase agreement (PPA), which the GE stated was understood to be the world’s biggest corporate wind energy PPA.