Landinfra Energy AB and Eiffel Investment Group have finalised a collaboration to develop a pipeline of up to 1,800 MW renewable energy projects in Sweden. These projects encompass solar power, wind power, and energy storage. Under the agreement, Eiffel will acquire a 50 per cent stake in the portfolio from Landinfra, while Landinfra will retain the remaining.
Furthermore, the portfolio consists of 1,350 MW of solar power projects with integrated energy storage, 300 MW of wind power projects, and 140 MW of standalone energy storage projects. The portfolio comprises of primarily 10 projects situated in SE3 in Sweden, with the remainder located in SE4. All projects are currently in the development phase, with the potential for the first projects to be ready for construction in spring of 2025, pending the acquisition of all necessary permits.
Upon successful completion, the portfolio will represent an investment exceeding £1.5 billion and is anticipated to generate approximately 2 TWh of green energy annually for the Swedish energy grid. The final execution of the transaction is contingent upon approval from the Swedish Inspectorate of Strategic Products.
REGlobal’s Views: Acquisition of under-implementation projects has become a key instrument for large investors keen on expanding their portfolio in the renewables space. For sellers, it helps them to generate funds for further development. Landinfra, for instance, signed another similar agreement in February 2023 for 1.9 GW of renewable energy projects in Sweden, in which Taaleri acquired a 50% share with Landinfra retaining the rest.
