Tesla wind farm
Project overview
Former investment – Tesla wind farm (sold)
The Tesla wind farm was part of the Pangaea Life Blue Energy portfolio. Due to an attractive market opportunity, the plant was successfully sold. The sale was carried out in line with an active and value-oriented fund strategy.
At a glance
Around 100 kilometers south of Bergen is one of the largest wind farms in Scandinavia, the Tesla wind farm with 55 turbines. Situated on a fjord in an exceptional and impressive landscape, TESLA is not only home to the wind turbines, but also offers leisure activities for the local population.
Why is the asset attractive?
Advantages
- Excellent location with outstanding wind resources
- Proven turbine technology from a leading European manufacturer
- Long-term maintenance contract with an experienced operations management team
- Extension of the project duration from the current 25 to 30 years is possible
- Solid operational track record
ESG relevance
As part of the building permit process, a comprehensive environmental impact assessment was carried out in 2005 and updated and expanded in 2014. The assessment examined the potential effects on landscape, cultural heritage, recreation, biodiversity, birds, fauna, noise, shadow, land use, infrastructure, and the economy. No significant adverse impacts were identified.
Our global investments
As a global investment manager, Pangaea Life participates in successful sustainable real asset projects worldwide. Click on our interactive world map to see where we are making a difference with our investments in renewable energy and sustainable living.