GE has partnered with Macquarie Group’s Green Investment Group for operating and delivering a 650 MW onshore wind project located outside Pitea, Markbygden in Northern Sweden. The project, called Markbygden ETT, has been acquired by GE and Green Investment Group from the Swedish wind power company Svevind. The two companies have collectively put aside funds of more than €300 mn for the development of the wind farm.
For the project, 179 turbines of 3.6 MW range will be provided by GE Renewable Energy. These turbines, having a rotor diameter of 137 m, are suitable for the climate and wind speeds faced by the project. The companies have also raised nearly €800 mn in funds and have commenced development of the project.
It is projected that the turbines will be commissioned in the second half of 2018 and the wind farm will be completely operational by the end of 2019. GE will provide a complete service agreement spanning 20 years for the wind project. GE’s grid solutions arm, on the other hand, will deliver the high voltage switchgear for the project for two power collection substations.
The partners have also bagged a fixed volume PPA (power purchase agreement) for the wind farm. The agreement is for a span of 19 years with Norsk Hydro, a Norwegian aluminium and renewable energy company. Markbygden ETT represents Markbygden wind project’ third stage of Phase 1. Markbygden wind project will be a series of interconnected wind farms in Markbygden. With a projected 1,101 wind turbines, the project will be the largest wind farm in the Europe once it is operational.