Acquisition of a minority stake in the largest wind farm in Finland

Kansai Electric Power Co., Inc.

Posted on

6 May

2020

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Fast facts

Status:

Completed

Cross-border:

Yes

Deal value:

Not disclosed

Dittmar & Indrenius > References > Acquisition of a minority stake in the largest wind farm in Finland

We advised Kansai Electric Power Co., Inc. on the Finnish law aspects of its acquisition of a 15 % ownership stake in Ilmatar Piiparinmäki Oy, an investment vehicle that owns the Piiparinmäki wind farm, from Glennmont Partners.

The onshore wind farm, located in central Finland, around 450 km north from Helsinki, encompasses 41 wind turbine locations with a total power output of approximately 211 MW. Once operational in 2021, Piiparinmäki will be the largest wind farm in Finland, a significant wind power asset in the Nord Pool area, and one of the largest unsubsidised wind farms in Europe.

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