Renewable Energy

Nysäter

Consisting of two wind farms, Hästkullen (307 megawatts) and Björnlandhöjden (167 megawatts), Nysäter is located near the city of Sundsvall in Sweden. Both wind farms are fully operational since 2022 and constitute a pillar of Sweden’s ambition to transform the northern part of the country into a hub for Europe’s energy transition.

Leveraging long-term solutions to ensure attractive cash flows

Investment Year
2018
Ownership Stake
61%
Industrial Partner

Energy Infrastructure Partners acquired an 80% stake in the Nysäter project at a ready-to-build phase in late 2018. The stake was acquired from RWE Renewables (formerly E.ON), who was the original developer of Nysäter and now retains a 20% stake in the project.

The start of Nysäter’s commercial operations in 2022 emphasized the added value of Energy Infrastructure Partners as an energy-specialized investor. As the majority shareholder, we were able to structure unique contractual agreements and thus achieve unparalleled derisking of one the largest onshore wind farms in Europe. The operations of Nysäter benefit from a long-term service agreement with RWE Renewables, which ensures owner-aligned interests on the project.

While Energy Infrastructure Partners will maintain its long-term investment in the Nysäter project, we successfully completed a minority sell at the end of 2023. The onboarding of a new partner in the structure, next to RWE Renewables, reaffirmed the significance of this investment and showcased the added value we brought to the project with continuous de-risking since investing in 2018.

Asset locations
Invested markets

Cash flow visibility

Nysäter offers investors cash flow visibility thanks to a landmark power purchase agreement (PPA) with a reputable counterparty. The agreement is under a long-term tenor and leaves no base production risks to the project itself.

Supported by experts

The project offers senior loan financing packages at locked rates, which are supported by a German export credit agency.

Fossil free

The project contributes to Sweden’s target of becoming the first fossil-free nation in the world by supplying 300,000 households 1 with green energy.

Self sufficient

Nysäter is commercially self-sufficient and fully independent of public incentives.

Footnotes and important information

  1. Assuming an annual average household consumption of 5,000 kilowatt-hours.
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