Establishment of € 480 million investment fund for onshore wind equity financing
Fred. Olsen Renewables AS (“FORAS”), a wholly owned subsidiary of Bonheur ASA “(Bonheur”) has today, 12 July 2022 entered into agreements providing € 480 million equity financing for three existing windfarms in Norway and Sweden and future onshore windfarms in the UK and Sweden. FORAS will remain the 51% shareholder in such windfarms, while the other 49% will be acquired by an investment fund. The fund’s size will be € 480 million, with Kommunal Landspensjonskasse (“KLP”), MEAG Munich ERGO AssetManagement GmbH (“MEAG”) acting on behalf of various entities of Munich Re Group including