Mandate Vinge advises Fortum in connection with joint venture concerning the construction of one of Europe’s largest onshore wind farms

September 03, 2010

Vinge has advised Fortum in connection with its entry into a joint venture agreement with Skellefteå Kraft concerning the construction of a wind farm in the Storblaiken region in Västerbotten province.

Under the terms of the joint venture, Fortum holds 40 per cent of the joint venture company, Blaiken Vind AB with the remaining shares being held by Skellefteå Kraft. The wind farm will be built by Blaiken Vind in stages commencing in 2011 and with final completion in 2015. When completed, the wind farm will consist of 100 wind turbines with an installed capacity of 250MW, which means that Blaiken will be one of the largest onshore wind farms in Europe. The parties’ total investment amounts to approximately SEK 3.8 billion and the electricity generated will be sufficient to cover the electricity requirements of 115,000 flats.

Fortum conducts operations in the Nordic countries, Russia, the Baltic States and Poland and is one the largest energy producers in the Nordic countries. The Blaiken project is Fortum’s largest wind power investment to date.

Vinge’s team consisted of responsible partner Johan Göthberg together with associate Karl Svantemark. Thomas Sjöberg and Johan Cederblad dealt with real estate and environmental law issues, Per Karlsson and Helena Höök competition law issues and Maria Schultzberg tax law issues.

Jerker Kjellander is a new partner in Skåne

Dispute resolution expert Jerker Kjellander has been elected as a partner in Vinge’s Skåne office.
November 20, 2020

Amendments to the Swedish Competition Act provide extended powers for the Swedish Competition Authority

Early in 2021, the Swedish Competition Act (2008: 579) will be amended in several important respects. The background to the amendments is Directive (EU) 2019/1 of the European Parliament and of the Council, which aims to harmonize the investigative and sanctioning powers of the European competition authorities in their enforcement of the EU competition rules. Undertakings active in Sweden will be affected by the amendments in several ways.
October 12, 2020