MEAG acquires 75 per cent stake in 260 MW Swedish wind farm

MEAG has agreed to buy a 75 per cent stake in Stor-Skälsjön, a 260 MW wind power project in Sweden, from Eolus Vind and Hydro
REIN. Under this agreement, Eolus will sell its 51 per cent stake in the wind project for $19.8 million, while Hydro REIN will sell its 24
per cent stake for $9.3 million. Hydro REIN will preserve its 25 per cent stake in the project and continue to be a co-owner of the project. The acquisition includes 75 per cent of the project company’s equity for a total enterprise value of $390 million.

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