LUXCARA, a European asset manager for renewable energy investments, announced the expansion of its wind portfolio by acquiring a sizeable portfolio of wind turbines in southern Norway.
The wind farms are located in the Bjerkreim region and will provide a total capacity of 262.8 MW. With this, the total capacity of wind farms owned by LUXCARA has touched 800 MW.
“Thanks to our excellent network, we have been successful in acquiring another large wind portfolio in Norway for our institutional investors within a short period of time,” said Alexandra von Bernstorff, managing partner of LUXCARA.
A total of 73 wind turbines will be constructed and are expected to be completed and connected to the grid in 2019.
“We are currently in negotiations with several well-known partners regarding a long-term power purchase agreement. In combination with reliable wind farms at sites with continuously high levels of wind throughout the year, we are laying the foundations for sustainable cash flows and an attractive project for our investors,” said von Bernstorff.