Low Carbon completes acquisition of the 30 MW Mörknässkogen wind project

Low Carbon has completed the acquisition of the Mörknässkogen wind farm in Finland. With an expected capacity of 30 MW from five wind turbines, the project forms part of the company’s renewables pipeline of more than 120 MW being developed in the country.

Located near the city of Vaasa on the west coast of Finland, the Mörknässkogen wind project will benefit from the region’s natural wind resources. The construction of the wind farm is expected to start in early 2022. It will have a production capacity of approximately 100 GWh/yr, capable of powering 30,600 homes and avoiding more than 24,700 tons of CO2.

The financing partner for the project is Kommunalkredit Austria AG, acting as Sole Mandated Lead Arranger in the EUR5.6 million (US$6.59 million) warehouse facility, and has also been mandated for the project’s EUR19 million (US$22.35 million) construction bridge financing.