The Klevberget wind farm was developed by OX2, a renewable energy company based in Sweden.
Construction of the 145MW wind farm commenced in February 2022, with its roadways and foundations completed the same year. The project began commercial operations in November 2023 and was officially inaugurated in June 2024 following the handover to Renewable Power Capital (RPC).
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The wind farm can produce up to 455 gigawatt hours (GWh) per year, sufficient to power 80,000 households in the region.
The project will help to avoid 120,000t of carbon dioxide emissions annually. It is part of Sweden’s plans to achieve a 59% reduction in greenhouse gas emissions by 2030 and reach a net zero carbon economy by 2045.
Location
Klevberget wind farm is south of Fransta and Ljungaverk in the municipality of Ange, within Vasternorrland county in northern Sweden. The location is mostly used as a grazing site.
Project development
The project’s development was originally initiated by a group of local landowners, and the required permits were received in 2018.
Vattenfall, an energy company based in Sweden, acquired the project in October 2018 and significantly refined it with regard to grid concessions, complementary inventories and thorough planning. OX2 acquired the project from Vattenfall in November 2021.
In February 2022, RPC, a pan-European renewable energy investment platform backed by the Canada Pension Plan Investment Board (CPPIB), acquired the wind farm from OX2 for SKr2bn ($192m). It was the fourth such project sold by OX2 to RPC in under two years.
OX2 was responsible for the construction and technical management, commercial operation and monitoring of the wind farm, as part of a 15-year agreement signed by both parties.
The company is also leading the construction of the Lestijarvi wind farm located in Finland, which will begin commercial operations in 2025.
Klevberget wind farm details
The Klevberget wind farm consists of 24 GE Cypress onshore wind turbines with a capacity of 6.1MW each. The wind turbines have a rotor diameter of 158m and hub heights of 200m.
The Cypress turbines offer higher efficiency in terms of their serviceability, as well as offering a 50% increase in annual energy production compared to GE’s 3MW turbines. Their design also facilitates up-tower repairs and maintenance.
The turbines are available as single-piece or jointed blade variants, which reduces logistics costs and enables on-site assembly. They are made of high-tech carbon material, and the blade tops provide flexibility to cope with site wind conditions and requirements.
Work on the Klevberget wind farm commenced in February 2022, with the construction of foundations and access roads completed between September and November of that year.
The subsequent phase, involving the assembly and installation of wind turbines, was carried out throughout the majority of 2023.
Financing of the Klevberget wind farm
The Nordic Investment Bank (NIB) and Swedish Klev Wind, a special purpose vehicle owned by RPC, signed a five-year loan agreement worth €44m ($46.6m) in June 2022.
PPA supporting the wind farm
In May 2023, before the commencement of operations, RPC secured a ten-year power purchase agreement (PPA) with Faurecia, a business within the automotive supplier FORVIA Group. The agreement stipulates that Faurecia will purchase almost all the energy produced by the wind farm.
In October of the same year, RPC formed a partnership with Aneo, a Nordics renewable energy company, to manage physical power trading and balancing services for the wind farm.
Contractors involved
GE Renewable Energy, a wind turbine manufacturer and subsidiary of GE, received the contract to supply 24 Cypress onshore wind turbine units for the project. The company will also provide service and maintenance services for the wind turbines under a 35-year contract.
Cirio, a law firm based in Sweden, advised OX2 on the acquisition of the wind farm from Vattenfall.
Legal counsel for RPC related to the acquisition of the wind farm was provided by Mannheimer Swartling, a Sweden-based law company.
