We advised our long-term client, a multinational conglomerate, on the Finnish law aspects of investing in and acquiring one of the largest subsidy-free wind power projects in the Nordics from developer OX2.
In October 2018, our client signed an agreement with OX2 to build the four wind farms in Finland with a total of 25 wind turbines. All four wind farms are now operational. The total production is estimated to be approximately 360 GWh per year, corresponding to the annual consumption of household electricity for about 72,000 households.
The acquisition forms a part of our client’s commitment to promote a more sustainable everyday life as well as to fight climate change and invest in climate positivity.