Greencoat Renewables buys 43.2 MW Kokkoneva wind project in Siikalatva

Greencoat Renewables PLC has entered an agreement to acquire the 43.2 MW Kokkoneva wind farm in Finland from ABO Wind AG for approximately EUR60 million (US$72.8 million).

Kokkoneva is currently under construction, with the start of commercial operations expected in the second quarter of 2022.

The project has a 10-year fixed-price corporate power purchase agreement with Gasum Oy, Finland's state-owned gas utility. It will use nine Nordex SE 4.8-MW turbines and will also benefit from a 15-year operations and maintenance contract with Nordex.

ABO Wind will finance and manage the construction of the wind farm and continue to provide operational management services for it once operational.