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Greencoat Renewables is purchasing Kokkoneva wind farm in Finland from Abo wind, a global renewable energy project developer, for a consideration of approximately €60m.
Greencoat Renewables to acquire Finnish windfarm in €60m deal
Image: Greencoat Renewables
This marks the renewable infrastructure company’s first transaction in the Nordic market.
Greencoat Renewables, the Dublin-headquartered renewable infrastructure company, is acquiring a windfarm in Finland for approximately €60m.
The 43.2MW Kokkoneva windfarm is currently under construction in Siikalatva, Finland, and commercial operations are expected to commence in the second quarter of 2022. The transaction will only be completed once the development is fully operational.
Abo Wind will finance and manage the construction of the windfarm and will provide operational management services once it is operational. It is a subsidy-free windfarm and has entered a 10-year fixed-price power purchase agreement (PPA) with Gasum, Finland’s state-owned gas utility, for the majority of the electricity generated.
Greencoat Renewables to buy Finnish wind farm for £52m
London-listed Greencoat Renewables will buy a wind farm in Finland from Abo Wind for £52.5 million.
Updated: 15/02/2021, 10:14 am
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London-listed Greencoat Renewables will buy a wind farm in Finland from Abo Wind for £52.5 million.
The 43.2MW Kokkoneva wind farm is currently under construction in Siikalatva, with commencement of commercial operations expected in Q2 2022.