Valorem, Octopus enter agreement for acquisition of 71.4 MW of wind capacity in Finland
VALOREM and Octopus Energy Investments (OEI) have entered into a joint venture for the construction and operation of 71.4 MW of wind capacity in Finland. The deal covers two wind farms in the south-west of Finland called Saunamaa and Suolakangas. VALOREM developed these wind farms together with local partner Megatuuli. The project represents a first Nordic transaction and first unsubsidized onshore wind development for OEI.
Construction will start immediately, and the wind farms are expected to be in commercial operation by late 2020.
Watson Farley & Williams (WFW) has advised Valorem on the acquisition of a majority stake by investment fund Octopus Energy Investments.
Country updates
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June 03, 2019
Vestas secures supply contract for 90 MW wind project in Finland
Vestas has secured an order from Fortum, a publicly listed energy supplier, for the 90 MW wind project in the province of Närpio in Western Finland. To maximize power production, Vestas has deve...
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May 31, 2019
Eltel signs EUR13 million contract to build parts of two wind projects in Finland
Eltel’s Power business in Finland has signed an agreement with project investor Octopus and energy developer VALOREM to build the infrastructure for two new wind farms in Western Finland. The co...
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May 23, 2019
VALOREM and Octopus Energy Investments partner up to construct and commission two wind projects in Finland
VALOREM and Octopus Energy Investments (OEI) have entered into a joint venture for the construction and operation of 71.4 MW of wind capacity in Finland. The deal covers two wind farms in the south-we...
Read more -
May 22, 2019
K2 Management appointed as technical advisor for Saunamaa and Suolakangas wind projects
K2 Management has been appointed as a technical advisor by Octopus Energy Investments, part of the Octopus Group, and Valorem to support the execution of two onshore wind projects totaling over 70 MW...
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May 09, 2019
Vestas to provide turbines for 71.4 MW wind projects of VALOREM, Octopus Energy Investments (OEI)
Vestas has received a 71 MW order from VALOREM, a major player in the French wind energy market, for the Saunamaa and Suolakangas wind projects located in southern Finland. VALOREM and Octopus En...
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