In October 2017, Prime Capital AG closed Project Nordlys, Norways’ largest onshore wind energy Project.
Located 40 kilometres from Tromso in the Northern part of Norway, Project Nordlys (Northernlight) is Norways’ largest onshore wind energy Project. It consists of 67 wind turbines manufactured by Siemens Gamesa with each turbine generating 4.2 MW of electricity. The turbines are designed for low maintenance and with an advanced blade de-icing solution, to achieve a high level of reliability and availability, even in the cold climate of Northern Norway. Nordlys is constructed by a Norwegian construction company, which will benefit local employment. The start of operation is planned for the end of 2019 for a period of 30 years.
The project will generate 780 GWh per annum, which is equivalent to the consumption of 50,000 households. Furthermore, Nordlys contributes to the local community with significant property tax payments. The electricity generated is provided to citizens of the Tromso area as well as to a Norwegian aluminium company within the same power price area. The sustainable and affordable energy will enable the Norwegian aluminium company to better plan its production and investment, as well as to become more competitive on the green aluminium market. The production will also help to stabilise the power supply in Tromso.
The project is supported by the Norwegian Export Credit Guarantee Agency to enable Norwegian companies as well as renewable energy generation. Nordlys has secured project financing partly from KfW (Kreditanstalt für Wiederaufbau), which is promoting renewable energy and positive social impact across Europe.