Aquila European Renewables Income (AERI) intends to increase its existing investment into Svindbaek Vindkraft HoldCo ApS (Svindbaek), by acquiring three additional wind turbines (Svindbaek II)for a total consideration of approx. EUR 13.2 million. AERI says that in doing so, this completes the acquisition of all wind turbines associated with the Svindbaek wind farm. You can read more on the initial investment here.
The new investment provides for 9.6 MW of installed capacity and has been operating since 2018. The project benefits from a Danish premium tariff (feed-in premium structured as a ‘contract for difference’) for a fixed volume of production which is expected to last for approximately 9 years.
Svindbaek II helps to save 6,562 tons of CO² emissions per annum, saving an estimated 157,482 tons over the projected lifetime of the asset. Upon completion of this deal, the company will have invested approximately 63.1% and committed another 18.9% of its total proceeds (EUR 194.3m).
About AERI
AERI aims to provide investors with an attractive long-term, income-based return in EUR through a diversified portfolio of hydropower, onshore wind and solar PV investments across continental Europe and Ireland. Through the diversification of generation technologies, the seasonal production patterns of these asset types complete each other to balance the cash flow, while the geographic diversification serves to reduce exposure to one single energy market. AERIF is targeting an aggregate annual yield of 5.0% once fully invested.
AERI: Aquila European Renewables Income to bolster investment into Danish wind assets