Helios divests 70MW Swedish solar

• Designer managing construction as well as offering technical management of two PV parks for Commerz Real

Helios has signed a manage Commerz Real to supply a turnkey distribution of both largest utility scale solar parks in Sweden to day, amounting to 70MW.

Helios Nordic Energy, in which Magnora has a 40% stake, will deliver the project rights, construction management and also supply the commercial and technological management solutions for the advancements.

On top of that, Helios has handled the engineering, purchase and construction (EPC) process as well as managed the grid link agreement.

The first plant will certainly have an installed capacity of approximately 21Mp and also is located in Vasteras district.

The second park lies in Tierp district and will start construction later on this year, subject to landing last structure permits as well as will certainly have a set up capacity of 48MW.

The closing for the Tierp park is to take place in the autumn of 2022 once all the closing problems have been met.

This transaction stands for one of the largest deals to day on the Swedish solar energy market.

"The projects are the first of their kind in Sweden and are being constructed totally without subsidies and on market conditions, to the excellent benefit for Swedish electricity customers as well as not least for the climate", claimed Peter Nygren, board participant of Helios.

Helios is a Swedish designer of solar as well as battery storage projects and also had secured land for over 30 projects in Sweden as well as recently Lithuania and also Latvia. Helios' pipeline is above 1.5 GW.

Commerz Real is the manager for real asset investments of German Commerzbank with EUR35bn in assets under management.

The business has been investing in solar energy since 2005 and also in wind energy plants given that 2016 and also takes care of greater than 50 solar energy terminals and also over 30 onshore as well as offshore wind farms with a total installed capacity of more than 1.4 GW.

The events have actually agreed to not reveal the monetary information of the purchases.