Momentum completes divestment of wind project in Sweden

Momentum Sweden AB has performed it’s first divestment of a wind power project (green field) in the county of Örebro, Sweden.

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Momentum-Odensvi

 

Wind power developer and asset owner Stena Renewable AB has purchased the project rights to the development project “Odensvi”.

The transaction adds a new dimension to Momentums ability to serve the market and our customers within renewable energy.

The project is a development project, which Momentum Sweden AB has developed since 2018. It consisted of an existing building permit for 3 WTGs, which has been extended with additional land lease agreements. Stena Renewable AB will now develop a new permit for a bigger wind farm with increased tip height

"This project underlines Momentums goal to significantly strengthen our position in Sweden. We are happy to announce this transaction and show the market a broader spectrum of services to our clients within Clean Energy Solutions. After our successful offshore repowering project Bockstigen we have been looking at different new asset management projects, working as M6A advisors within sourcing of projects and wind farms as well as advising around PPA contracts. All of these activities are beginning to add value and we expect to grow a lot further as well as announce other new transactions in the near future.”

Martin Pettersen, CEO of Momentum Sweden AB.
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