The wind farms are co-located in the Trondelag region of Norway, on the country’s west coast.
The Fosen wind development will supply up to 3.6 terrawatt-hours of electricity a year, supporting all the industrial consumption in the region.
The development represents a total investment of almost £1bn and contributed £230m directly to the local economy through supplier contracts.
Construction of the six wind farms began in 2016 following cooperation between local government and 256 local landowners who benefit from property tax and land lease.
Around 600 jobs were supported during construction with 45 permanent roles created to support the operations of the wind farms.
10 December 2020 9:08 GMT Updated 10 December 2020 10:54 GMT
Energy Infrastructure Partners – formerly Credit Suisse Energy Infrastructure Partners – will take a €530m ($640m) 49% stake in German developer BayWa r.e, in the Swiss investor s latest foray into renewable-focused companies and projects.
With a 51% stake, trading group BayWa will remain BayWa r.e.’s majority shareholder after “the largest transaction in BayWa company history,” BayWa’s chief executive Klaus Josef Lutz said.
“Together with our green bond successfully placed in 2019, we have thus acquired €1.03bn in less than two years on the capital market for the renewable energies business unit.”
Lutz said together with EIP, his company plans to transform BayWa r.e. into an independent power producer (IPP) with a total production capacity of up to 3GW in the medium term.