SUSI Partners acquires Danish wind farm from Eurowind Energy

Zug/Zurich, 20 March, 2019: SUSI Partners acquires the Grønkær onshore wind farm from Eurowind Energy through its Renewable Energy Fund II. The project is located in the municipality of Lemvig, Denmark. SUSI will acquire four out of five turbines with a total capacity of 14.4 MW.

The Grønkær wind farm was commissioned in January 2018 and consists of a total of 5 Vestas V126-3.45 MW turbines (upgraded to 3.6 MW). SUSI has acquired 4 turbines, while Eurowind Energy and residents of the surrounding area will retain 1 turbine. The SUSI turbines will supply the equivalent amount of energy used by 12,000 households and will help reduce CO2 emissions by displacing fossil fuel generation by approximately 16,000 tonnes of CO2 per year. The wind farm benefits from the Danish feed-in premium of DKK 250 per MWh.

Jens Rasmussen, CEO of Eurowind Energy, says: “We are very pleased with the agreement with SUSI Partners. We expect this sale to be the first in a long line of business opportunities between SUSI Partners and Eurowind Energy – with respect to the sale of wind parks as well as asset management in and beyond Denmark. It is a pleasure to do business with a partner who, like us, knows that the green transition will only take place at the necessary pace if it is backed by professional institutional investors.”

Chief Investment Officer at SUSI, Marco van Daele, elaborates: “The acquisition of Grønkær represents SUSI’s second investment in a Danish wind farm. We remain confident of the attractiveness of the Danish renewables market based on its attractive resource and the deep expertise of its developers and are looking to build our presence there further. We appreciate working with Eurowind Energy and see great potential for further cooperation in the future.”