Odal Vindkraftverk AS’ €90 Million Debt Financing

DLA Piper advised Odal Vindkraftverk AS (the Odal windfarm) on the deal.

Odal Vindkraftverk AS (the Odal windfarm), owned by Cloudberry Clean Energy, KLP and Akershus Energi has raised EUR 90 million in investment grade debt from a syndicate of institutional lenders to partly finance the construction of the Odal windfarm.

The Odal windfarm is a major wind development currently under construction in Innlandet county in Norway. Installation of 34 turbines with up to 163 MW capacity is expected to produce 526 GWh of electricity per year, which is equivalent to the consumptions of 33.000 households.

The DLA Piper team was led by Erik Ramm (Picture).

Involved fees earner: Erik Ramm – DLA Piper;

Law Firms: DLA Piper;

Clients: Odal Vindkraftverk;

Author: Federica Tiefenthaler