May 31 (Renewables Now) – Renewable Power Capital (RPC), a UK-based renewable energy platform backed by the Canada Pension Plan Investment Board (CPP Investments), today announced that ‘it had entered into an agreement for the acquisition of 528 MW to build onshore wind projects in Sweden.
The cluster includes four sites in the municipalities of Kramfors and Solleftea which are expected to start supplying electricity to the grid in the last quarter of 2025.
The operation represents an investment of 800 million euros (857 million dollars), including the acquisition of the projects and the funds necessary for their construction. It more than doubles RPC’s onshore wind portfolio to 845 MW in Sweden and Finland, with the company also having a solar pipeline in Spain of almost 4 GW.
RPC will be responsible for the procurement and construction management of newly acquired projects.
The company, which was established in 2020, said the purchase was a sign of its “significant investment appetite, stemming from its backing from CPP Investments”.
“Today marks a historic moment and the biggest contract to date for RPC, but it is also part of a long-term strategy to invest in post-subsidy renewable energy and storage infrastructure across the country. ‘Europe,” commented managing director Bob Psaradellis.
The sellers, who have not been named, were advised by Newsec Infra. “Our advisory scope has expanded beyond renewable energy mergers and acquisitions to business and technical optimization over the past two years of development,” noted Omid Ashrafi, the advisor’s managing partner.
(1 EUR = 1.071 USD)
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