Prime Capital, an independent asset management firm and financial services provider focused on institutional clients, has acquired 100 per cent of the share capital of the wind power company, Andmyran Vind AS (Andmyran).
Andmyran is a fully permitted onshore wind project located on Andenes, Andøy Municipality, approximately 170 km away from the city of Harstad, in the Nordland county of Norway. The project holds a concession for an installed capacity of up to 160MW. The wind farm will be located in the same region and price area as project Nordlys, an onshore wind project developed, built and managed by Prime Capital. Construction work will start imminently.
Prime Capital acquired the rights for its Green Energy Infrastructure Fund which is scheduled to reach first closing in the first half of 2020.