Cloudberry Clean Energy has been awarded the 18MW Munkhyttan Vindkraft onshore wind project in Sweden’s Lindesberg municipality.
The company stated that it is in the final stages of talks for three 6MW turbines with German turbine producer Eno-Energy.
The 18MW Munkhyttan 2 project has also been optioned by Cloudberry on the same terms.
According to the report, the permission application process for the second phase has already begun.
The company stated that it will collaborate closely with local stakeholders and chosen turbine supplier Eno-Energy in order to achieve a commercial operation date in 2023/2024.
Christian Helland, the CEO of Cloudberry Clean Energy, stated:
“This acquisition fits our strategy very well.
“The project is highly cost-efficient with an expected production of about 60 gigawatt-hours per year.
“The expected IRR for the project is well above 10% per annum for the full life cycle (of) 30 years.
“Total capex, including development cost is below Skr4 per kWh due to a favourable layout, grid, and turbine efficiency.”