This website uses cookies so that we can provide you with the best user experience possible. Our Cookie Notice is part of our Privacy Policy and explains in detail how and why we use cookies. To take full advantage of our website, we recommend that you click on “Accept All”. You can change these settings at any time via the button "Update Cookie Preferences" in our Cookie Notice.
Technical cookies are required for the site to function properly, to be legally compliant and secure. Session cookies only last for the duration of your visit and are deleted from your device when you close your internet browser. Persistent cookies, however, remain and continue functioning on repeat visits.
CMS does not use any cookie based Analytics or tracking on our websites; see details here.
Personalisation cookies collect information about your website browsing habits and offer you a personalised user experience based on past visits, your location or browser settings. They also allow you to log in to personalised areas and to access third party tools that may be embedded in our website. Some functionality will not work if you don’t accept these cookies.
29/04/2019
Hamburg – Asset manager Luxcara has acquired the Önusberget wind farm project, which is part of the Markbygden 1101 cluster, from the developer Svevind AB. The Önusberget wind farm in northern Sweden has a planned total installed capacity of up to 750 MW, making it one of the largest single-site onshore wind farms in Europe. It is scheduled to become operational in 2021. Construction work is expected to begin this year. German-Swedish company Svevind AB develops, sells and operates onshore wind power projects and will continue to support implementation of the project until grid connection in 2021. The parties agreed not to disclose the transaction value.
A CMS team headed by lead partner Dr Holger Kraft again advised Luxcara on all legal aspects of the acquisition. The wind farm project will be added to the portfolio of a renewable energy fund for institutional investors which is advised by Luxcara. CMS has been advising Luxcara on renewable energy projects throughout Europe for several years, most recently on the acquisition and negotiation of the project agreements for the Eikeland-Steinsland onshore wind farm in Norway with a planned output of 155.4 MW and the Välikangas onshore wind farm in Finland with 100 MW.
Luxcara is an independent asset manager that provides institutional investors with investment opportunities in the renewable energy and infrastructure space. The owner-managed company was founded in 2009. Luxcara acquires, structures, finances and operates renewable energy investments and infrastructure projects as a long-term investor, focusing on direct power purchase agreements. Luxcara’s portfolio includes solar and wind power plants in Europe with a total output of more than two gigawatts and the company has assets under management in excess of EUR 2.5 billion.
Dr Holger Kraft, Lead Partner
Dr Hans Fabian Kiderlen, Counsel
Matthias Sethmann, Counsel
Kai Ostermann, Senior Associate
Dr Anna Leah Tabios Hillebrecht, Senior Associate
Dr Constantin Lentz, Associate
Luise Pelzer, Associate, all Energy
Press Contact
[email protected]
Social Media cookies collect information about you sharing information from our website via social media tools, or analytics to understand your browsing between social media tools or our Social Media campaigns and our own websites. We do this to optimise the mix of channels to provide you with our content. Details concerning the tools in use are in our privacy policy.