RES has announced it has reached agreement for the sale of its Lycksele portfolio of projects in Sweden. The Lycksele portfolio, made up of three wind energy projects totalling 290MW, has been acquired by Prime Capital and is expected to enter commercial operation in 2025.
Located in Västerbotten County, RES started development of Lycksele in 2007 and the portfolio is made up of 45 turbines across three projects: Fjällberg, Hornmyran and Vinliden. Together the projects will contribute nearly 1 TWh per year of new green energy to the region and the European market. Part of the green electricity is planned to be used for a green Power-to-X project in the region. The deal also sees RES support Prime Capital AG through a development services agreement to prepare the portfolio ready for construction in 2023 and once operational, RES will provide asset management services to the portfolio.
