Rabbalshede Kraft gets DNB financing

DNB RABB ALTE UTBY VIND NCCA FORT SWE

The bank financing through DNB corresponds to a part of an investment that will ensure the expansion of the Dingle-Skogen, Hällevadsholm Väster and Ås wind farms in Munkedal Municipality, as well as refinancing of the existing wind farms, Brattön and Kil.

The bank financing may amount to 635 million Swedish kronor, or about 70 million euros.

The wind farms are expected to produce 136 GWh per year, corresponding to household electricity for nearly 23,000 households (an average of 6,000 kWh per year).

The three wind farms, Dingle-Skogen, Hällevadsholm Väster and Ås, comprise a total of 14 turbines and will continue to be managed as a single farm, the Dingle-Skogen Wind Farm.

Fortum grid

Ground work has commenced in cooperation with NCC, which is responsible for the construction of roads. A total of 14 kilometers of road will be constructed within the wind farms.

Fortum is the grid owner in the area and has the assignment of laying cables and expansion of switchgear.

Negotiations are in progress with a supplier of wind power turbines. The entire farm is expected to be ready for production during the second half of 2013.

To reach 233 GWh

“During a period of general financial turbulence, the ability to secure financing for our wind power projects is a sign of strength,” says Thomas Linnard, president of Rabbalshede Kraft.

The estimated annual production during a normal year for the company’s wind farms will amount to 233 GWh when the Dingle-Skogen wind farm is in operation.