Ilmatar Energy sells Finnish wind project to Glennmont
Glennmont Partners has entered the Nordic market with the acquisition of a 211.4 MW onshore wind project in Finland through its Clean Energy Fund III. Glennmont’s Clean Energy Fund III has acquired the wind farm, called Piiparinmäki, from Ilmatar Energy for an undisclosed value.
The project is ready to be installed, with its construction starting in October. Glennmont announced that Piiparinmäki has agreed a power purchase agreement (PPA) with Google covering a significant portion of the total production. Once the project is operational, Ilmatar will provide technical and commercial management services.
Country updates
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September 27, 2019
Vestas wins 60 MW turbine order for Finnish wind projects
Vestas has secured an order from the Nordic developer OX2 backed by the UK investor Infracapital for the wind projects Kröpuln and Storbacken in Western Finland that will be realised on a merchan...
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September 25, 2019
Neoen secures 130 MW PPA with Google in Finland's 250 MW Mutkalampi wind farm
Neoen has signed a new power purchase agreement with US technology services Google. This new PPA covers a capacity of 130 MW. Google will purchase the green electricity produced by the future Mutkala...
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September 23, 2019
Google enters agreement with Ilmatar Energy for Piiparinmäki wind farm energy output
Google has reached an agreement with Ilmatar Energy, a joint venture of Omnes Capital-managed Capenergie 3 and Ilmatar Windpower plc, for the purchase of 125 MW of electricity from the Piiparinm&...
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September 05, 2019
OX2 divests two Finnish greenfield wind power projects
Infracapital, the infrastructure equity investment arm of M&G Prudential, has agreed to acquire two pre-construction Finnish onshore wind farm projects, Kröpuln and Storbacken, from OX2, a Eu...
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August 30, 2019
Aquila Capital invests in two Finnish wind projects with 53 MW capacity
The alternative investment specialist Aquila Capital is expanding its position in the Finnish wind energy market by acquiring two operational onshore wind projects north of the port city Oulu in North...
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