The newly-acquired Krokum wind farm consists of around 12 wind turbines generating a total of 30 MW. However, the PPA as a whole includes a total of 30 wind turbines across wind farms in SE2, SE3 and SE4 price areas, covering most of the country. Two of the wind farms are currently undergoing soft repowering by Locus Energy, in which older wind turbines are replaced by newer ones, while retaining the infrastructure including the wind turbine towers and foundations. The assets will all be operational by Q3 2025, when the annual production will reach approximately 180 GWh.
“Locus Energy is currently finalising the first of several wind farm projects where additional energy is unlocked from existing assets through the company’s active repowering efforts” said Elin Löfblad, Portfolio Manager, SEB Nordic Energy. “The upgrades that Locus has carried out across several wind farms have demonstrated significant value creation to our investors. This PPA marks another step in our value-add strategy, securing stable cash flows for both the newly upgraded assets and parts of the operational portfolio.”
Included in the now signed PPA is Storrun Wind farm, an acquisition made by Locus Energy in parallel with finalising the PPA with Flower. Storrun, located in Krokoms Municipality in Jämtland, Sweden, comprises of a total of 12 wind turbines and has had a stable annual production of approximately 65 GWh since its commercial operation date.
“We continue to build a diversified portfolio through investments in renewable energy production assets combined with battery storage systems across all price areas in the Nordics” added Mattias Söderqvist, partner and deputy CEO, Locus Energy. “Our new partnership together with Flower adds another layer of diversification by hedging a portion of the portfolio’s revenue over the coming years. A key foundation of the PPA is our investment in increased asset controllability, enabling better real-time power output management for down-regulation and curtailment. We look forward to the collaboration with Flower over the coming years.”
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