We advised our long-term client, a multinational conglomerate, on the Finnish law aspects of its investment in four wind farms in Finland. Together they comprise the largest subsidy-free wind power project in the Nordics with a total of 25 wind turbines and a combined capacity of 107.4 MW. Total production is estimated at approximately 360 GWh per year.
Our client is financing the construction of the wind farms, with the commitment to acquire the wind farms once they are fully operational in the beginning of 2020. The current owner of the wind farms and the main contractor for the construction is OX2 Wind.
The investment is part of our client’s commitment to become energy independent by 2020 and produce as much renewable energy as their global units consume as well as to promote the transition towards carbon neutral society.