case / 23 Jan 2018

Setterwalls has assisted Aquila Capital in connection with its acquisition of the wind farm project Valhalla from OX2

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Project Valhalla will consist of 85 of the latest V136 4.2 MW Vestas turbines and thus have an installed capacity of 357 MW. OX2 is assigned to build the project and deliver it on a turnkey basis.

When completed, it will be one of the largest onshore wind farms in Europe, located in Bollnäs and Ockelbo municipalities of Sweden, with an expected average production of approximately 1.1 TWh per year, which corresponds to the annual consumption of household electricity for approximately 223,800 households (5,000 kWh per household). Setterwalls has also assisted in the negotiations regarding the grid connection agreement with Ellevio, turbine supply agreement and service and support agreement with Vestas, power purchase agreement with Statkraft and civil work agreements with Svevia, Empower and Lapplands Elnät. Aquila Capital is a German capital investment fund for institutional investors worldwide.

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