Greenfield financing for an onshore windfarm
Rivage Investment was the sole lender in the long-term senior financing of the construction and operation of a 72.6MW onshore wind farm located in Southwest Sweden.
It is the second fully merchant transaction that Rivage Investment has completed with the Sponsor, who is seeking to establish themselves as an IPP in the Nordic markets.
The construction will be completed by a consortium of top-tier counterparties experienced in the sector, with all of the main contracts secured on a fixed-price, turnkey basis.
The contract is located in the SE3 price zone, which has the highest level of consumption in the four Swedish price zones and has historically benefitted from higher prices. In addition, the project benefits from a conservative and flexible debt structure, making the project more robust over time in the event of a sharp downturn in market prices.
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