Energy trading firm Danske Commodities has entered into a balancing agreement with UK-based Renewable Power Capital (RPC) for two onshore wind farms in Sweden with a combined capacity of 300 megawatts (MW), the companies said on Tuesday.
Under the agreement, Danske Commodities will provide market access and balancing services for the Vitberget and Sörlidberget wind farms, both located in the Västernorrland region of northern Sweden.
Once operational, the two projects are expected to generate enough electricity to supply around 650,000 households. The 46 turbines will cover an area of approximately 1,400 hectares.
“Vitberget and Sörlidberget are part of our flagship 553MW onshore wind portfolio in Sweden, so we’re delighted to progress them to the next stage through this balancing agreement,” said Lucía Fuentes de Ezquerra, director of power markets at RPC. “We look forward to working with trusted partners like Danske Commodities to deliver clean energy across the region.”
The wind farms are scheduled to be commissioned in the fourth quarter of 2025.
Danske Commodities, which now manages 1 gigawatt (GW) of capacity in Sweden, said the deal reinforces its presence in what it sees as a key growth market.
“We are proud to announce our partnership with Renewable Power Capital for Vitberget and Sörlidberget,” said Sofie Duedahl, director of European origination at Danske Commodities. “With the addition of the two wind farms, Danske Commodities now manages 1GW of power in Sweden, which is becoming a key market for us, and we look forward to continuing supporting the Swedish energy transition.”
RPC is a portfolio company of the Canada Pension Plan Investment Board (CPP Investments) and holds more than 10GW of renewable energy projects across Europe.
