German utility Stadtwerke Muenchen acquires 60% stake in 112 MW wind project in Norway

Stadtwerke Muenchen (SWM), German municipality utility, has acquired a 60% stake in the 112 MW Raskiftet wind project in Norway. The wind project is also owned by Gudbrandsdal Energy (20%) and Eidsiva Energy (20%).

The project, which has been developed by Austri Vind, involves the development of a 31 turbine wind farm in the municipalities of Amot and Trysil. OX2, a Swedish renewable energy developed, has been appointed as engineering, procurement and construction (EPC) contractor for the wind facility.

The total project investment is estimated at NOK1.4 billion (US$170.5 million), and it is expected to be operational by late 2018.

In early 2016, we reported that Statkraft, TrønderEnergi and the European investor consortium Nordic Wind Power DA joined forces to develop Europe's largest onshore wind power project in Central-Norway, comprising six onshore wind farms, with a combined capacity of 1000 MW. The total investment in the wind farms amounts to approximately €1.1 billion.