German renewables developer wpd AG has reached a financial close for the development of the 96.9 MW Nuolivaara wind farm project in Finland.
KfW IPEX-Bank is financing the construction and operation for wpd Europe GmbH, a unit wpd. The wind farm is located north of the Arctic Circle near the Finnish town of Kemijärvi. Seventeen Delta4000-series N163/5.7 turbines made by German manufacturer Nordex are due to be installed. The turbines are cold-climate versions and equipped with an anti-icing system, making constant operation and high yearly energy yields possible despite the challenging climatic conditions. Nordex is responsible for both the supply and the maintenance of the turbines.
The completion date and start of operation are scheduled for early 2023. While a large portion of the green electricity will be purchased by two Finnish companies via baseload offtake agreements, the remaining volume will be sold directly on the spot market.
Country updates
-
-
November 09, 2021
Falck Renewables signs contract for the purchase of 55 MW wind project in Karstula
Falck Renewables S.p.A., through its subsidiary Falck Renewables Finland Oy, has signed a contract for the purchase of two ready-to-build onshore wind farms in Finland, from the Danish group, European...
Read more -
September 28, 2021
Final close achieved for Foresight energy fund
Foresight Group (Foresight) has held the final close of the Foresight Energy Infrastructure Partners (FEIP) fund with total commitments of EUR851.4 million (US$997.7 million), which is 70% over the EU...
Read more -
September 10, 2021
Energiequelle starts construction of 28.5 MW Takanebacken wind project in Maalahti
German renewable energy developer Energiequelle GmBH has started the construction of its 28.5 MW Takanebacken wind farm project located in the municipality of Maalahti in Ostrobothnia,...
Read more -
August 26, 2021
Centrica Energy signs PPAs for 266.4 MW onshore wind farms in Finland
Centrica Energy Trading has signed three power purchase agreements (PPAs) with Taaleri Energia for output from three operational wind farms in Finland and Sweden with a total capacity of 266.4 MW.
Read more -
August 24, 2021
Energiequelle secured debt financing for 28.5 MW for Takanebacken wind project
German full-service investment bank Berenberg, through its Berenberg Green Energy Junior Debt Funds I, II, and III, has extended debt financing for the development of a 28.5 MW wind farm pro...
Read more
