Landinfra Energy AB and Eiffel Investment Group, through their managed investment funds Eiffel Infrastructure Vertes and Eiffel Transition Infrastructure, have finalised to collaborate on developing a pipeline of up to 1800 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 50 per cent.
Furthermore, the portfolio consists of 1350 MW of solar power projects with integrated energy storage, 300 MW of wind power projects with integrated energy storage, and 140 MW of standalone energy storage projects. The portfolio comprises 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 the coming year, 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.
