German asset manager Prime Capital AG has purchased a synthetic aviation fuel project in Sweden, providing a boost to the nation's green-tech transition. The project, developed by Renewable Energy Systems Holding Ltd., is estimated to cost between €1 billion to €2 billion for completion and is expected to be operational by the end of this decade pending approvals. The facility in Ange, central Sweden, will have the capacity to produce over 80,000 tons of fuel annually, utilizing 500 megawatts of renewable electricity. The process involves electrolysis to separate water into hydrogen and oxygen, with the green hydrogen combined with captured carbon dioxide to create aviation fuel. Prime Capital's investment in this project signifies confidence in Sweden's green-tech ambitions, particularly in the production of green e-fuels. Mathias Bimberg, head of infrastructure at Prime Capital, highlighted Sweden's ideal conditions for power-intensive industries due to its abundant supply of green electricity. This acquisition underscores the commitment to green energy projects despite recent setbacks in the sector, showing a positive outlook for the future of sustainable aviation fuel production.