Luxcara invests in 100 MW wind project in Finland
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.
Country updates
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February 18, 2019
81 MW wind project in Finland achieves financial close
Neoen has announced the signature of financing for Hedet, an 81 MW wind farm in Finland, in which it will hold an 80% stake, alongside Prokon Finland which will hold the remaining 20%. KfW Ipex and SE...
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January 30, 2019
Genie Energy completes purchase of Lumo Energia
Genie Energy Ltd has completed the purchase of the majority and controlling stakes in Lumo Energia, a rapidly growing provider of electricity generated from renewable sources to residential custo...
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January 18, 2019
NTR acquires 200 MW wind portfolio in Sweden and Finland
NTR has announced that its Renewable Energy Income Fund II has acquired a portfolio of just over 200 MW of operational and pre-construction onshore wind projects in Sweden and Finland.
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November 20, 2018
Energiequelle starts buildings zero-subsidy wind farm in Finland
German renewables developer Energiequelle GmbH has kicked off construction of a 21.5-MW subsidy-free wind farm in Finland, its first wind project in the Nordic country. The so-called Paltusmaki wind...
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November 15, 2018
Valmet to supply a biomass-fired boiler plant to Elenia Lämpö's Vanaja power plant in Hämeenlinna, Finland
Valmet will supply a biomass-fired boiler plant to Elenia Lämpö Oy's Vanaja power plant in Hämeenlinna, Finland. The investment will enable the company to raise the share of renewab...
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