Luxcara invests in 100 MW wind project in Finland
Date
February 21, 2019
Type
M&A Transactions
Subtype
Transaction completed
Countries
Finland
Subsectors
Onshore Wind
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Luxcara has acquired the Finnish wind power project Välikangas, which has a projected capacity of 100 MW. The produced electricity will be sold to an off-taker on the basis of a power purchase agreement.
The wind farm has been developed by and will be built with ABO Wind as construction manager. Connection to the grid is envisaged for summer 2020.
The wind farm lies in the region of Northern Ostrobothnia and has excellent wind conditions. It was acquired for a portfolio for institutional investors and will provide more than 90,000 households with clean energy.
