Vattenfall partners up with AMF in wind farm agreement
Vattenfall has signed a GBP 237 million (approx. SEK 3 billion) deal to partner-up with leading Swedish pension group AMF on an UK off shore wind farm. Vattenfall’s partnership strategy aims at supporting wind growth and the shift to renewables.The partnership agreement means that AMF will take a 49% share in Vattenfall’s 150 MW Ormonde Offshore Wind Farm for GBP 237 million, approximately SEK 3 billion. Vattenfall will continue to operate the wind farm as majority shareholder.“The market has shown a considerable interest in Ormonde. The main reason is that the wind farm is profitable and