Alpiq’s Co-Ownership Agreement With Fu-Gen For Tormoseröd Wind Farm

Advokatfirman Oebergs has assisted Switzerland’s leading energy producer Alpiq.

Alpiq and the Swiss company Future Generation Renewable Energy (Fu-Gen) have reached a co-ownership agreement for the Tormoseröd wind farm developed by Alpiq and located in Southwest Sweden.

The wind farm is expected to be fully operative at the end of 2022 with an installed capacity of up to 72.6 Megawatts. It will be built and operated by Tormoseröd Vindpark AB led by Fu-Gen and Alpiq Ecopower AG, a subsidiary of Alpiq operating and implementing renewable energy projects in Europe.

Fu-Gen acquired the majority of shares (70 %) in Tormoseröd Vindpark AB, a project-company fully owned by Alpiq. The primary scope of this partnership is to build the Tormoseröd wind farm, based in the municipalities of Strömstad and Tanum, county of Västra Götaland in Sweden, and operate it over the next 30 years.

The Tormoseröd wind farm project is totally in line with the Swedish Wind Energy Association’s strategy aiming to reach a 100 % renewable electricity generation by 2040. More specifically, it meets its expectations in terms of renewable energy projects development, as wind power generation is expected to be increased from today’s 20 TWh to at least 90 TWh in 2040 and account for over half of the electricity consumption in Sweden.

Alpiq and Fu-Gen are committed to renewable energies such as wind power and perfectly in line with tomorrow’s increasingly decentralised, decarbonised and digitalised energy world.

Alpiq follows a sustainable, financially sound and risk-adjusted energy business, in order to contribute to a better climate and a greater security of supply in European markets.

Alpiq is a leading Swiss energy services provider and electricity producer in Europe. Alpiq offers its customers comprehensive and efficient services in the fields of energy generation and trading as well as energy optimisation. As an international energy trader, Alpiq is active on all major European markets with unique expertise in the field of flexibility management and origination. The Alpiq Group has approximately 1200 employees and is headquartered in Lausanne, Switzerland.

Fu-Gen (Future Generation Renewable Energy), currently operating in Sweden and Italy with locally established teams in both countries, was founded on the initiative of a group of renewable energy experts who bring together experience in the development and construction of new projects, as well as the operation and acquisition of existing ones.

The Oebergs team included Björn Öberg (Picture), Liselotte Rios, Christian Humble, Elisabet Heimer and Linn Dahl.

Involved fees earner: Linn Dahl – Advokatfirman Oebergs; Elisabet Heimer – Advokatfirman Oebergs; Christian Humble – Advokatfirman Oebergs; Bjorn Oberg – Advokatfirman Oebergs; Liselotte Rios – Advokatfirman Oebergs;

Law Firms: Advokatfirman Oebergs;

Clients: Alpiq;