Göran Hugo Olsson is set to direct “That Summer,” a documentary based on unique footage shot by Andy Warhol, Peter Beard, and Jonas Mekas in the 1970s in Montauk, Long Island.

Olsson is re-teaming with Swedish outfit Story AB, the company behind his documentary “Black Power Mixtape,” which is based on footage shot by a group of Swedish journalists chronicling the Black Power movement in the U.S. The documentary feature played at Sundance and won an award for best editing.

Following a similar creative process as that of “Black Power Mixtape,” “That Summer” delivers an intimate, multi-layered portrait of Beard and his family of friends, notably Warhol, “who formed an enormously influential and vibrant creative community in Montauk in the 1970s,” said the Swedish Film Institute.

Thunderbolt Ranch, Louverture Films and Final Cut for Real production are co-producing. Beard, Andrea Barron, Susan Rockefeller, Danny Glover and Tony Tabatznik are executive producing. Cinetic Media handles U.S. distribution and international sales rights.

“That Summer” is one of the projects that have been granted support from the Swedish Film Institute, along with “Bergman Reliquarium” by Tomas Alfredson ((“Tinker Tailor Soldier Spy”), a short that’s part of “Bergman Revisited,” a six-part omnibus; “Silvana,” a documentary about the Swedish artist and feminist Silvana Imam by Mika Gustafson, Olivia Kastebring, and Christina Tsiobanelis; and Lone Scherfig’s “Secrets From the Russian Tea Room,” an English-language comedy-drama about four people in New York City who are going through the worst crises of their lives.

Other titles backed by the institute include Felix and Måns Herngren’s “Solsidan” feature adapdation; Nima Sarvestani’s documentary “Prison Sisters,” about two women coming out of prison in Afghanistan; and Pernille Fischer Christensen’s “Becoming Astrid.”