Back to top
Reported by RES on 24 October 2018

RES sells the Vargträsk wind project to Vattenfall

RES, known locally in Scandinavia as Nordisk Vindkraft, has sold the Vargträsk wind project in the County of Västerbotten, Sweden, to Vattenfall. The project consists of 21 turbines and has an installed capacity of 80MW, enough to power approximately 50 000 homes*.

(Courtesy of Renewable Energy Systems Limited)

RES, known locally in Scandinavia as Nordisk Vindkraft, has sold the Vargträsk wind project in the County of Västerbotten, Sweden, to Vattenfall. The project consists of 21 turbines and has an installed capacity of 80MW, enough to power approximately 50 000 homes*.

The Vargträsk project has been developed by RES and the environmental permit for the project came into force in 2016. Vattenfall has now acquired the assets and will take the project further towards construction. RES has a portfolio of about ten wind farm projects under development in Sweden and Norway and foresees exponential growth for wind power in Scandinavia. In Västerbotten, RES will now focus on the project cluster of Hornberget, Fjällberg and Vinliden and its connection to the Tuggen Power Station.

Matilda Afzelius, CEO of RES in Scandinavia said “We see the natural synergies for Vattenfall with the Vargträsk project and are proud to hand over a well-developed project to them. We wish Vattenfall the best of luck with the continued development and upcoming construction".

Daniel Gustafsson, Vattenfall "As part of our strategy to grow in the renewable energy sector, acquisitions is one of several possible ways to go. The proximity to the Blakliden / Fäbodberget wind farm, which we will now build, and the existing wind farm Stor-Rotliden will give us clear synergies. From a national perspective, this cluster provides a significant boost to renewable energy”.

*Calculated on an annual consumption of electricity of 5000 kWh per household.

References

[1]

Renewable Energy Systems Limited. Press release - RES sells the Vargträsk wind project to Vattenfall. URL: http://res.mynewsdesk.com/pressreleases/res-sells-the-vargtraesk-wind-project-to.... [Date Accessed: 24/10/2018].

Business & Finance

11 Jan | MHI Vestas to Open US Headquarters in Boston

Marking a new era for MHI Vestas Offshore Wind in the US, the company will establish its base in Boston with recent hire Jason Folsom to lead the company’s ramp-up efforts. The office will focus initially on sales and strategy as it develops a local footprint for projects in the region.

Business & Finance

10 Jan | New Marine Services Firm Set to Make A Splash

An innovative new specialist marine services company has been established to address a gap in the seabed services market. Introducing Seabed and Offshore Solutions Ltd. (Seabed Solutions).

Business & Finance

08 Jan | SMC to provide statutory inspection and auxiliary services to Orsted

Orsted have awarded SMC with a framework agreement to provide statutory inspection and auxiliary services to their sites across the UK.

Business & Finance

07 Jan | SNC-Lavalin’s Atkins business secures St Brieuc Offshore Windfarm contract

Atkins, a member of the SNC-Lavalin Group, has been appointed to deliver the Front End Engineering Design (FEED) and Detailed Design of wind turbine jacket substructures for St Brieuc Offshore Windfarm, located off the coast of Northern France. The windfarm is being developed by Ailes Marines, a consortium of Iberdrola, Renewable Energy Systems (RES) and Caisse des dépôts.