Swedish wind project Stavro will consist of 62 Siemens Gamesa wind turbines with per unit capacities of 4.1 MW.
Two deals are already entered with Google and Swedish forestry firm and paper maker Holmen AB. The two companies will buy electricity from the wind farm, which is divided into two parts.
The whole project entails Blodrotberget with 40 wind turbines and Blackfjället comprised of 22 machines. Both sections will have a combined capacity of 252 MW.
Google will use power from the facility, set to enter operation in late 2021, for its data center. Holmen AB will utilize the electricity to operate its paper mills.
The order also includes a 30-year service agreement.
"The Scandinavian market continues to show its great potential for wind power and increasing demand for renewable energy as it strives to reach climate neutrality by 2050. The project will facilitate Holmen’s transition to 100 percent renewables consumed in its business and meet part of the fast-growing demand for electricity of Google’s European datacenters," writes Siemens Gamesa Onshore Business Chief Executive Alfonso Faubel in a press statement.
German asset manager Prime Capital AG is backing the wind project, which it purchased from Holmen AB. This acquisition was made on behalf of a consortium counting Prime Capital AG, a group of South Korean institutional investors, Siemens Financial Service as well as German pension fund Nordrheinische Ärzteversorgung.
Prime Capital informs that the project represents a new strategy involving a new fund format to be launched in the first half of 2020.
"Scandinavian wind is at the core of our current renewable energy strategy, as we can leverage on both a unique competitive advantage in sourcing and realizing projects and very favorable market conditions for investing," writes Prime Capital CEO Andreas Kalusche in the press release.
Siemens Gamesa writes in the statement that the order enters company accounts for Q4 of 2019.
English Edit: Daniel Frank Christensen