GE Renewable, Google Sign PPA for Swedish Wind Park
- Oct 03, 2019
GE Renewable Energy has signed a power purchase agreement to sell energy from the Björkvattnet Onshore wind farm in Sweden to Google. The news comes at the heels of Google’s recent package of agreements counting 18 energy deals for 1.6 gigawatts of clean energy, which is estimated to total some $2 billion in new energy infrastructure produced by solar farms and wind parks from around the world.
In the current arrangement, GE Renewable Energy originated and negotiated the PPA to sell the majority of the power generated by the wind farm to match the consumption of Google’s data centers in the region with renewable energy. In September, GE Renewable Energy announced it will supply 33 of its 5.3 MW Cypress turbines for the Björkvattnet onshore wind farm. The project is located some 290 miles north of Stockholm and has a generating capacity of 175 megawatts, providing enough energy to power the equivalent of 175,000 homes in Sweden.
The project was developed by Vindparken and WindSpace, with aid from GE Renewable Energy, which provided development support, offtake solutions, technical and commercial optimization and equity syndication expertise. The wind facility was acquired by InfraVia European Fund IV, managed by InfraVia Capital Partners, a French private equity firm specialized in the infrastructure sector. The Björkvattnet wind farm is expected to reach commercial operations by the end of 2020.