Siemens and Prime Capital to realize Scanergy’s wind farm in Ränsliden

December 20, 2016

Siemens AG (“Siemens”) has received an order of seven wind turbines for the onshore wind farm Ränsliden, in the county of Västra Götaland in Sweden. The wind farm will supply energy equivalent of the yearly consumption of 5 000 households. The 24 MW Wind farm was developed by Norwegian renewable energy developer Scanergy and has been acquired by an investment vehicle managed by Prime Capital AG (“Prime Capital”), a Frankfurt based Asset Manager.

Siemens has received an order to supply, install, commission and service seven direct onshore wind turbines for the wind park Ränsliden, located approximately 20 kilometers outside the community of Mellerud, in the county of Västra Götaland in Sweden. The project developer is Scanergy and the final investor is a German pension fund advised by Prime Capital.

The order consists of four 3.3 megawatt low noise wind turbines (SWT-3.3-130) and three 3.6 megawatt wind turbines (SWT-3.6-130). Both models will have a tower height of 135 meters and a rotor diameter of 130 meters. Siemens will also be responsible for servicing the wind turbines as part of a fifteen year service agreement. This agreement is the first agreement for Siemens in the Nordics with the SWT-3.6-130 and SWT-3.3 Low Noise models and also the first using the 135 meter high tubular steel Tower.

The wind park Ränsliden will have an output of 24 MW and produce clean energy equivalent to the annual consumption of 5 000 Swedish households. Construction will start early 2017 and all turbines will be commissioned until the end of September 2018.

– We are proud to be trusted to deliver this project to Scanergy and Prime Capital. We are especially happy that they have chosen two of our new direct-driven models optimized for this site, says Hans Carlsson, division manager for Siemens Windpower and Renewables.

Prime Capital has acquired the wind farm as part of an institutional mandate to build up and operate a portfolio of European renewable energy assets.

– We are excited about the opportunity to further build out our renewable energy footprint in the Nordics. Over the last years the Swedish market has been a core focus of our investment activity, offering institutional investors strong wind sites and among the lowest overall costs of energy in Europe, says Dr. Werner Goricki, Chief Investment Officer at Prime Capital.

– We are satisfied that an investment decision for Ränsliden has been made and look forward to constructive cooperation with all parties, says Tor Arne Pedersen, CEO at Scanergy.

About Prime Capital
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Prime Capital AG is an independent financial services provider and asset management firm, focusing on institutional clients. The company specializes in Alternative Investments, in particular in Absolute Return, Infrastructure Investments and Private Debt. Prime Capital was founded in 2006 and currently employs 55 people in Frankfurt, London and Luxembourg. The company’s regulators are BaFin in Germany, CSSF in Luxembourg and FCA in the UK. As of today (30^th of September 2016), Prime Capital has around EUR 5.1 billion Assets under Management, managed on various platforms.

For further information, quotes or interview requests please contact:

Prime Capital AG
Andreas Kalusche, Board of Directors
Tel: 0049 69 9686 984 36
andreas.kalusche@primecapital-ag.com.

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