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RES finalizes Buheii wind farm sale to GIG

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RES has completed the sale of its 79.8 MW Buheii onshore wind farm, located in Kvinesdal, southern Norway, to Macquarie’s Green Investment Group (GIG).

GIG informed in January that the Buheii project would provide power to Eramet Norway until 2038, ensuring a stable and long-term power supply to Eramet Norway’s Norwegian smelters.

RES has been selected to manage the construction of the wind farm and upon completion will manage the asset on behalf of GIG.

When fully operational, the wind farm will comprise of 19 Vestas V150 turbines which will produce enough low-carbon electricity to displace an estimated 15,000 tonnes CO2 emissions every year. Over the lifetime of the project it will help reduce emissions by 375 kt CO2, supporting Norway in its goal of becoming a ‘low emission society’ by 2050 and achieving ‘climate neutrality’ by 2030.

Matilda Afzelius, RES’ CEO in the Nordics, said: “RES has a strong international relationship with Macquarie’s Green Investment Group that is now materializing in the Nordics. We look forward to expanding our partnership through the construction and asset management of this project and forthcoming opportunities.”

Edward Northam, head of Green Investment Group Europe, added: “The rapid electrification of Norway’s economy is driving a significant growth in demand for affordable power, particularly in the energy-intensive industrial sector and companies like Eramet Norway. We are delighted to be playing a role ensuring that this demand is met by renewable sources, with our growing portfolio of Norwegian wind projects.”

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