{"id":41972,"date":"2022-04-15T09:54:00","date_gmt":"2022-04-15T09:54:00","guid":{"rendered":"https:\/\/setterwalls.se\/?post_type=assignments&#038;p=41972"},"modified":"2022-04-27T14:06:06","modified_gmt":"2022-04-27T14:06:06","slug":"eolus-and-hydro-rein-sell-75-of-wind-power-project-stor-skalsjon-to-meag","status":"publish","type":"assignments","link":"https:\/\/setterwalls.se\/en\/case\/eolus-and-hydro-rein-sell-75-of-wind-power-project-stor-skalsjon-to-meag\/","title":{"rendered":"Eolus and Hydro Rein sell 75% of wind power project Stor-Sk\u00e4lsj\u00f6n to MEAG"},"content":{"rendered":"    <section class=\"block text \">\n        <div class=\"container container-sm\">\n            <div class=\"row\">\n                <div class=\"col-12\">\n                    <div class=\"editor-content\">\n                                                <p><strong>Eolus and Hydro Rein have signed an agreement with MEAG regarding the sale of 75% of the shares in the 260 MW wind power project Stor-Sk\u00e4lsj\u00f6n in Sweden at an enterprise value of EUR 361.4 million (100% basis).<\/strong><\/p>\n<p>Eolus is to sell all its shares amounting to 51% for a purchase price of EUR 18.4 million. Hydro Rein is to sell 24% of the shares for a purchase price of EUR 8.7 million and will remain as co-owner of the project with a 25% interest. Eolus and Hydro Rein acquired the project, which is located in Sundsvall and Timr\u00e5 municipalities in Sweden (SE2), from Enercon in June 2021.<\/p>\n<p>The wind farm will comprise 42 Siemens Gamesa SG 6.6-170 wind turbines. Construction has started and commissioning is planned for autumn 2023.<\/p>\n<p>Eolus and Hydro Rein will jointly construct the wind farm on behalf of the investors under a Construction Management Agreement. Revenues under the agreement are estimated to approximately EUR 42.3 million to be shared 51\/49 between Eolus and Hydro Rein. As part of the agreement, Eolus has also been entrusted to provide technical, operational and administrative services for the wind farm on a 15-year contract.<\/p>\n<p>The transaction is subject to customary approvals from competition authorities and is expected to be completed later this year.<\/p>\n<p>Setterwalls advised Hydro Rein in the transaction.<\/p>\n                    <\/div>\n                <\/div>\n            <\/div>\n        <\/div>\n    <\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":4,"featured_media":34070,"template":"","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":""},"class_list":["post-41972","assignments","type-assignments","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/setterwalls.se\/en\/wp-json\/wp\/v2\/assignments\/41972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/setterwalls.se\/en\/wp-json\/wp\/v2\/assignments"}],"about":[{"href":"https:\/\/setterwalls.se\/en\/wp-json\/wp\/v2\/types\/assignments"}],"author":[{"embeddable":true,"href":"https:\/\/setterwalls.se\/en\/wp-json\/wp\/v2\/users\/4"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/setterwalls.se\/en\/wp-json\/wp\/v2\/media\/34070"}],"wp:attachment":[{"href":"https:\/\/setterwalls.se\/en\/wp-json\/wp\/v2\/media?parent=41972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}