In a significant move within the renewable energy sector, Landinfra Energy from Sweden and Eiffel Investment Group based in France have teamed up to expand Sweden’s green energy capabilities significantly. They have agreed to work together on a massive project for generating renewable energy, which includes solar power and wind energy.
They have agreed to collaborate on a large-scale project focused on generating renewable energy, incorporating solar power and wind energy.
Highlights
Here are the highlights of the Landinfra Energy and Eiffel Infrastructure venture:
- Solar Energy Production: The project plans to set up solar power generation facilities that will produce up to 1.35 gigawatts of power.
- Wind Energy Capacity: The collaboration will also involve the development of wind power plants with a capacity to produce 300 megawatts.
- Energy Storage Systems: To support these renewable sources, the project will include 150 megawatts of dedicated energy storage solutions.
The financial aspects and ownership details of the partnership are as follows:
- Investment Size: The total funding required to bring this initiative to life will surpass €1.5 billion.
- Shared Ownership: Both Landinfra Energy and Eiffel Investment Group will have an equal share of 50% in the assets.
The realization of this project will follow these steps and expectations:
- Regulatory Approvals: The completion is pending approval from Swedish authorities.
- Projected Timeline: Once permits are obtained, construction is scheduled to start next year.
This collaboration is a significant move in the strategic efforts of both companies:
- Landinfra Energy: Aims to enable investors to participate in renewable energy projects from the beginning stages.
- Eiffel Investment Group: Aims to fast-track the increase of renewable energy sources in Sweden by investing early in project development.
Landinfra Energy has made a name for itself in the Nordic region. They are prioritizing renewable energy projects, whether they are new or existing. Sweden’s LandInfra Secures Eiffel is expanding its 1.8GW renewables portfolio. Their portfolio is quite impressive, and they have ambitious plans for offshore wind development.
Source: Landinfra Energy and Eiffel Investment Group enter a partnership