Commerz Real is entering the Swedish photovoltaic market. The real assets subsidiary of Commerzbank has purchased two solar park projects with a total output of 69 MWp for its “Institutional Renewable Energies Fund II”: “Kings Roar” with an installed capacity of 21.7 MWp in the municipality of Västerås about 100 kilometres west of Stockholm and “Tierpark” with 47.3 MWp in Tierp about 130 kilometres to the north of the Swedish capital. According to statements by the seller, the Swedish project developer Helios Nordic Energy, this is one of the biggest transactions to date on the Swedish solar energy market. In an initial stage the signing took place for both photovoltaic parks as well as the closing for “Kings Roar”. The closing for “Tierpark” is to take place in the autumn of 2022 once all the closing conditions have been fulfilled.
Following their scheduled completion in 2023 the two parks will lead to avoidance of approx. 295 tonnes of carbon dioxide emissions every year. The generated electricity is to be marketed on the Scandinavian energy exchange Nord Pool at the respective daily price and according to figures from EUROSTAT, the Statistical Office of the EU, will meet the annual electricity requirements of about 8,500 Swedish households. Helios will take care of the operation and maintenance of the plants across their entire service life.
Source: www.commerzreal.com on the 3rd of May