en.Wedoany.com Reported - Wallenstam has agreed to sell its entire wind farm to Locus Energy. The wind farm includes 53 turbines with a total installed capacity of 112MW, and the transaction values the turbines at SEK 830 million (approximately USD 87.46 million).

Following approval of the transaction by the Swedish Inspectorate of Strategic Products (ISP), Locus Energy will acquire the companies holding these wind power assets. As part of the deal, Wallenstam has also arranged for the supply of renewable electricity through an agreement with Locus Energy.

Wallenstam first invested in wind power in 2007 and became the first listed real estate company to achieve monthly self-sufficiency in renewable electricity from its own wind power in 2013. Wallenstam CEO Hans Wallenstam stated that early investment in wind power contributed to the green transition of Sweden's electricity generation, and now repowering and other investments are needed to further develop the turbines. Larger, more specialized operators like Locus Energy are better positioned to do this, while ensuring a continued supply of renewable electricity for properties remains important.

Since Wallenstam's initial investment, Sweden's wind power industry has grown from less than 1% of the country's electricity generation to approximately 25% today.

Locus Energy is a long-term owner and developer of renewable energy in the Nordic region, owned by the Article 9 fund SEB Nordic Energy, which uses its capital to invest in assets such as hydropower, wind power, and battery storage. Locus Energy's activities are part of a broader partnership between SEB Asset Management and Locus Infra, focusing on renewable energy and infrastructure investments.

Locus Energy CEO Niklas Sörensen said it is exciting to take over the baton and continue developing wind power assets to suit future conditions, and looks forward to working with Wallenstam and partners to develop electricity price agreements tailored to the needs of real estate companies, leveraging the existing portfolio of different asset classes.

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