BKW Energie AG

Fosen wind power project, Norway
BKW and Credit Suisse Energy Infrastructure Partners to become part of Europe's biggest onshore wind farm project

Fosen wind power project, Norway / BKW and Credit Suisse Energy Infrastructure Partners to become part of Europe's biggest onshore wind farm project
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Bern (ots) - Through Nordic Wind Power DA - a European investors' consortium created by Credit Suisse Energy Infrastructure Partners - BKW and four institutional investors have acquired a 40 per cent stake in Fosen Vind DA. A total of six wind farms will be connected to the grid between 2018 and 2020. With a total installed capacity of more than 1000 MW, they will produce approximately 3400 GWh of electricity annually. The total investment costs will be around EUR 1.1 billion and will be contributed by the three partners Statkraft (52.1%), Nordic Wind Power DA (40%) and TrønderEnergi (7.9%).

The Fosen Vind project is currently the biggest onshore wind power project in Europe. The idea of building wind farms in the wider Trondheim area has long been considered as the area is known to have high winds. Thanks to the close cooperation of Statkraft, TrønderEnergi, BKW and Credit Suisse Energy Infrastructure Partners, a focused, well balanced and profitable project has been developed. The farms will be owned by Fosen Vind DA and its 278 turbines will produce around 3400 GWh of electricity each year - equivalent to the annual consumption of around 750,000 Swiss households (based on a 4-room apartment with an electric cooker and electric boiler, an average annual consumption of 4500 kWh can be assumed).

Fosen Vind DA is owned by state-owned Norwegian utility Statkraft (52.1%), the consortium Nordic Wind Power DA (40%) and the Trondheim local publicly-owned utility TrønderEnergi (7.9%).

The consortium Nordic Wind Power DA was created by Credit Suisse Energy Infrastructure Partners (CSEIP), an investment manager focused on the energy sector. The consortium is backed by the large Swiss utility BKW as the industrial partner as well as institutional investors who take a long-term view. "We are pleased to be part of this groundbreaking energy infrastructure investment and believe the consortium brings the right mix of industry know-how and capital to be a long-term reliable partner for the project", said Dominik Bollier, Managing Partner at Credit Suisse Energy Infrastructure Partners.

Swiss-based utility BKW aims to further diversify its already extensive wind power portfolio. "We are proud to be part of Europe's biggest onshore wind power project, implementing our strategy of developing renewable energies," says BKW CEO Suzanne Thoma. The Fosen Vind project allows BKW to build up profitable wind power capacity in Norway and to capitalize on the geographical and regulatory diversity of wind power production. Besides Switzerland, BKW operates wind farms in Germany and Italy, and also in France since 2015.

An interview (in German and French only) with BKW CEO Suzanne Thoma regarding the Fosen wind power project can be found here: https://vimeo.com/156272628/0872915006

See joint press release Statkraft, Nordic Wind Power DA & TrønderEnergi: http://statkraft.com/media/

--- BKW: The BKW Group is an international energy and infrastructure business employing over 4000 people and is headquartered in Bern, Switzerland. The diversity of the company's expertise allows it to offer its customers a full range of tailored services. The Group plans, builds and operates infrastructure to produce and supply energy for businesses, households and the public sector. The BKW Group offers a wide range of services, from building technologies, infrastructure engineering and digital business models for renewable energies to traditional multi-utility infrastructure services.

The registered shares of BKW AG are listed on the SIX Swiss Exchange and the BX Berne eXchange.

Credit Suisse Energy Infrastructure Partners AG: Credit Suisse Energy Infrastructure Partners AG (CSEIP) is an investment manager within the Asset Management business of Credit Suisse AG. It specializes in infrastructure investments in the European energy sector. Its clients mainly include large and medium-sized pension funds and insurers who want to make long-term investments in this asset class.

Nordic Wind Power DA:

The consortium Nordic Wind Power DA was created by Credit Suisse Energy Infrastructure Partners (CSEIP), an investment manager focused on the energy sector. The large Swiss utility BKW AG as the industrial partner holds an almost 30 per cent stake in Nordic Wind Power DA. The consortium is further backed by various long-term focused institutional investors, namely Talanx, one of the major European insurance groups, and three pension funds and professional pension schemes: ELO from Finland and VWDA and WPV from Germany. The consortium was advised by DLA Piper Global Law Firm

--- Invitation to press conference

A press conference will be held in Trondheim (Norway) today to provide more information about the 1000 MW wind power project in central Norway:

23 February 2016: 10.30 a.m.,

Clarion Hotel & Congress Trondheim, Brattørkaia 1, 7010 Trondheim

Participants:

Statkraft	Christian Rynning-Tønnesen - CEO
TrønderEnergi	Tormod Eggan - Head of Power Generation
CSEIP	Dominik Bollier - Managing Partner 

The press conference will be held in Norwegian and English. The webcast will be translated simultaneously into English. The webcast will be available on http://www.statkraft.com/media

Note for the international press:

There will be a dial-in option for Q&A for international press at 11.30 a.m. Number: +47 386 00 000 Meeting number: 40170 Dial-in code: 7070#

Contact:

Media Relations Credit Suisse AG,
Tel +41 844 33 88 44,
media.relations@credit-suisse.com
http://www.credit-suisse.com

Media Relations BKW AG,
Tel +41 58 477 51 07
media@bkw.ch
http://www.bkw.ch



Weitere Meldungen: BKW Energie AG

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