GE Renewable Energy will provide 179 of its turbines for the Markbygden ETT wind farm, with the blades equipped with an innovative ice mitigation system by LM Wind Power, ensuring a stable level of availability and reduced downtime.
GE is also providing a 20-year full service agreement.
The 50:50 equity partners raised around €800 million (£708m) in total financing for the project, which is expected to boost Sweden’s installed wind generation capacity by more than 12.5%.
Construction of the wind farm – currently the “largest single site onshore wind installation” to be delivered in Europe – is already underway and it is expected to be fully operational by the end of 2019.
The transaction is GIG’s – formerly known as the Green Investment Bank – first outside the UK and its first equity investment since it was bought by Macquarie earlier this year.