Courtesy of GE Renewable Energy
The Project was co-developed by Smart Windpower Oy, Mincovest Oy and GE Renewable Energy and acquired by Foresight Energy Infrastructure Partners (“FEIP”), a Luxembourg Special Limited Partnership for which Foresight Group LLP acts as Portfolio Manager. The Project is Foresight’s first onshore wind investment in Finland and first partnership with GE’s onshore wind technology.
The raising of the long-term project finance debt and the process of sourcing an investor to acquire the Project was supported by GE Energy Financial Services (“GE EFS”). Societe Generale, a leading bank in the field of renewables financing, is the sole lender. Reaching financial close with committed equity and debt grants the Project notice to proceed (NTP) to commence construction.