DORE, a UK-based investor, has completed the purchase of a 46MW onshore wind farm in north-east Sweden.
The transaction was accomplished for around €23.8 million in total.
The acquisition was supported with cash from the company’s coffers on an ungeared basis.
The wind farm, which is powered by 20 Enercon E-82 2.30MW turbines and is located around 220 metres above sea level in the SE2 pricing region in north eastern Sweden, is powered by 20 Enercon E-82 2.30MW turbines.
Since 2011, the project has been in operation. Enercon GmbH provides operation and maintenance services.
The asset is estimated to produce around 108 GWh of power per year.
Hugh Little chairman of DORE stated: “We are delighted to announce the acquisition of our first onshore wind farm adding further diversity to our existing portfolio.
“This Swedish wind asset fits well in the technology diversification DORE is pursuing.
“Our pipeline of potential acquisitions remains healthy, and we look forward to adding further attractive growth opportunities.”
