Watson Farley & Williams (WFW) has advised SUSI Partners, as manager of the SUSI Renewable Energy Fund II (SREF II), on the project financing of the 94.6MW Lyngsåsa wind farm in Sweden.
The wind farm will comprise 22 Vestas V 150 turbines and is being built under a turnkey construction agreement with German developer BayWa r.e., which sold the project to SREF II. Completion is expected in 2021 with annual power production of 315 Gwh. In addition to the project having entered into a long term power purchase agreement (PPA), a complex project financing including a bridge facility and a long-term KfW-backed facility has been agreed with Hamburg Commercial Bank.
