Korea Central Power (President Lee Young -jo) announced on the fifteenth that the Swedish Gubberg Wind Power Project, which has a forty five%stake, will successfully achieve Financial Closing in April 2025 and implement the primary dividend of 1.3 billion won.
The completion of the financial contract is the completion of the financial contract, and it’s made when the investor meets the prior conditions of the business independence, guaranteeing profitability and no abnormal debt repayment.
Gububberg Wind Power Plant is a wind power complex with a complete capability of 74.4 megawatt (MW), which is inbuilt the central Yevelbori region of Sweden, with about 230,000 mWh clean energy, which has about 120,000 tons of greenhouse gas reduction. Of those, 70%of them are supplied to Microsoft’s European Data Center, and the remaining 30%are marketed through the Nordic power market.
The entire project cost is about 142.8 billion won, of which the investment in Central Power is 36.5 billion won. The remaining investments were procured through project financing from financial investors and lenders (Woori Bank, Kookmin Bank, Shinhan Bank, and Prime Capital).
The important thing to achieving the completion of the financial construction is the removal of the chance related to the EPC (design, procurement, and construction) contract. SGRE, which performed the EPC at the top of December last yr, signed an official agreement on the guarantee of local government prizes and facility, and the contract risk required by the lender was resolved and the approval requirements for completion were met.
Lee Young -jo, president of Korea Central Power, said, “The completion of the Gubarbugget Wind Power Business is a bridgehead to realize greater leads to the European renewable market.”
By Lee Jae -seung, reporter Energy@aitimes.com
