Renewable Energy Finance: RPC Secures €555mn for Swedish Onshore Wind Projects Amid Surging Nordic Investor Interest

published on 23 May 2024

UK-based Renewable Power Capital (RPC) has secured €555mn to develop 553 MW of onshore wind projects in Sweden, marking one of the largest financings in the region.

🔒 Key parties:

– Main lenders: CIBC, Danske Bank, Export Development Canada, NatWest, NordLB

– Facility and security agent: Apex Group

📋 Portfolio details:

– Four under construction wind farms in Kramfors and Sollefteå

– Contracted under long-term PPAs with P&G, LyondellBasell, and Ardagh Group

– Operations to start between Q4 2025 and Q1 2026

📈 Rising investor interest in Nordics' onshore wind:

– Strong power market and government support are driving interest

– Christoffer Brandorf, Head of Transactions at OX2, highlighted Sweden's high electricity prices and its low-risk investment environment as key factors in rising interest for renewables space, after their sale of the 115 MW Ånglarna wind farm in Sweden on Sep '23.

The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.

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