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 European developer of large-scale wind farms.
Infracapital will acquire 100 per cent of the two onshore wind projects, consisting of 14 turbines with an estimated total production output of around 206 GWh per year, enough to power approximately 120,000 homes. OX2 will continue to act as the project’s asset manager throughout construction and operations under a bespoke engineering, procurement and construction (EPC) contract. Construction will commence in the Autumn of 2019 with commercial operations anticipated to begin in Q4 2021.
Country updates
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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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August 15, 2019
Aquila European Renewables to acquire 34.5 MW li Olhava wind farm in Finland
Aquila European Renewables Income Fund (AERIF) has secured the exclusive right to acquire a 34.55 MW Finnish wind farm. The fund has entered into a short-term financing agreement, which enables it to...
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August 13, 2019
Taaleri SolarWind II fund invests in a 91 MW wind farm in Finland
Taaleri SolarWind II fund has, together with fund co-investors, acquired 100% of the equity of the Oltava wind farm. The Oltava wind farm is located in the municipality of Pyhäjoki in north-weste...
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July 31, 2019
Taaleri SolarWind II Fund reaches first close
Taaleri Energia Funds Management has held the first closing of its SolarWind II fund with total commitments of about EUR220 million (US$247 million). The first close investors include the European In...
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July 30, 2019
ABB to divest solar inverter business
ABB and the Italian company FIMER S.p.A announced that they have signed an agreement for FIMER to acquire ABB’s solar inverter business. ABB’s solar inverter business has approximately 80...
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