case / 08 Mar 2022
Setterwalls has advised Småkraft AS in connection with its subsidiary’s acquisition of a hydro power portfolio from Sandviken Energi Aktiebolag, comprising 10 power plants
Setterwalls has advised Småkraft AS, which through its Swedish subsidiary Småkraft AB has acquired a hydro power portfolio from Sandviken Energi Aktiebolag, comprised of 10 power plants in Jädraån, Gästrikland. The power plants have a combined annual output of approximately 24 GWh and are located in the electricity price area SE3.
Småkraft is the largest operator of small-scale hydroelectric power plants in Europe and has an extensive portfolio comprising more than 190 hydropower plants with an annual output of more than 1.7 TWh, enough to cover the annual consumption of over 100,000 households. The company is owned by long-term funds managed by the German investment fund manager Aquila Capital. APG, a Dutch pension company, is the majority owner of Småkraft.
Småkraft has a vision of creating renewable values for future generations, and considers the Swedish market as excellent for using its expertise in a sustainable way. The acquisition is in line with the company’s development strategy and the company has in a short period of time built a Swedish portfolio with an annual output of 100 GWh of renewable electricity. Setterwalls advised Småkraft throughout the transaction.