OEBERGS assists in large-scale wind farm investment in Sweden

CGN Europe Energy (CGNEE) has partnered with Hermes Infrastructure[1] to acquire an 813MW portfolio of five Swedish onshore wind farms from Aquila Capital (a part of Aquila Holding GmbH).

The portfolio includes two wind farms in operation, with an aggregate capacity of 216MW, as well as three wind projects currently in a late-stage construction stage with a combined capacity of 597MW. CGNEE has acquired 80% of the total portfolio, and Aquila Capital will maintain an ongoing role in the wind farms’ operation.
 
The portfolio also comprises a comprehensive contractual package which includes long-term, fixed-price, power-purchase agreements which limit exposure to merchant power prices, as well as agreements with world-class suppliers for operations and maintenance services.

In the transaction, Advokatfirman OEBERGS - in partnership with Herbert Smith Freehills LLP - represented CGNEE through Senior Partner Björn Öberg and associates Liselotte Rios, Nils Karlsson Green and Elisabet Heimer.


If you have any questions related to this press release, please contact OEBERGS’ IM at rob@oebergs.com.

About Hermes Infrastructure

HIF II is managed by Hermes GPE LLP which is a joint venture between Hermes Fund Managers Limited, GPE Partner Limited and HGPE Capital Limited.

Hermes Infrastructure is a specialist investment manager providing institutional investors with cost effective access to high quality direct equity investment opportunities in infrastructure across Europe and other OECD jurisdictions. Established in 2011, originally formed to consolidate and manage the BT Pension Scheme’s direct infrastructure investment programme, we now manage nearly £4.2bn of committed and invested capital including £2.6bn of existing investments[2], offering our expertise, experience and ability to deliver target returns responsibly to a range of institutional clients.

About Hermes Investment Management

Hermes Investment Management, a Federated Investors company, provides world-class active investment management and stewardship services. Hermes, headquartered in London, manages £36 billion in assets* and offers a broad range of specialist, high-conviction investment strategies spanning listed equities, credit, real estate, infrastructure, private debt and private equity. Hermes’ strategies focus not just on financial results, but also on delivering outcomes beyond performance: holistic returns that consider impacts to society, the environment and the wider world. In Hermes EOS, the company offers one of the industry’s leading engagement resources, representing £501 billion of assets[3]. For more information, visit www.hermes-investment.com.

 [1] References to “Hermes Infrastructure” are to Hermes GPE LLP trading as Hermes Infrastructure
[2] As at 31 December 2018
[3] Please note the total AUM figure includes £6.6bn of assets managed or under an advisory agreement by Hermes GPE LLP (“HGPE”), a joint venture between Hermes Fund Managers Limited ("HFM") and GPE Partner Limited. HGPE is an independent entity and not part of the Hermes group. £23.6m of total group AUM figure represents HFM mandates under advice. Source: Hermes as at 30 June 2019