Red Rock Power acquires a 50% stake in the Överturingen wind plant (Sweden)

Red Rock Power, an affiliate of the Chinese state-owned group SDIC, has acquired a 50% stake in the 241 MW Överturingen onshore wind plant in central Sweden. The 56-turbine wind project reached commercial operation earlier in December 2020. The wind power plant will generate approximately 805 GWh/year and will sell most of its power generation to Norsk Hydro, a Norwegian aluminium company, under a 29-year power purchase agreement (PPA); NEAS Energy has a 10-year PPA for the remaining generation.

This is Red Rock Power’s first project outside of the United Kingdom. In November 2020, Red Rock Power created a 50:50 joint venture with the Irish power utility Electricity Supply Board (ESB) to develop the 1 GW Inch Cape offshore wind project off eastern Scotland (United Kingdom). In July 2020, Red Rock Power received approval from the Scottish government to increase the capacity of the project from 700 MW to 1 GW by replacing existing turbines by newest and larger turbines.