Luxcara expands its wind portfolio in Norway by 263 MW

LUXCARA, the German renewable energy asset manager, has acquired a sizeable portfolio of wind turbines in southern Norway. The wind farms are located in the Bjerkreim region and will provide a total capacity of 262.8 MW.

As we reported in September 2016, the company already purchased the 112.2 MW Egersund wind project in southern Norway from developer Norsk Vind Energi AS.

A total of 73 wind turbines will be constructed and are expected to be completed and connected to the grid in 2019.

LUXCARA is  expanding its portfolio of European solar and wind farms to a total capacity of almost 800 MW.

Dr Alexandra von Bernstorff, Managing Partner of LUXCARA, said:

“Thanks to our excellent network, we have been successful in acquiring another large wind portfolio in Norway for our institutional investors within a short period of time.” 

“We are currently in negotiations with several well-known partners regarding a long-term power purchase agreement. In combination with reliable wind farms at sites with continuously high levels of wind throughout the year, we are laying the foundations for sustainable cash flows and an attractive project for our investors.”