Luxcara, an asset manager focussed on renewable energy investments, has acquired the Finnish wind power project Välikangas, which has a projected capacity of 100 MW.
The produced electricity will be sold to an off-taker on the basis of a power purchase agreement (PPA).
The wind farm has been developed by and will be built with ABO Wind as construction manager. Connection to the grid is envisaged for summer 2020.
“We continue to be convinced by wind power in the Nordics and are happy to realise this Finnish wind project on the basis of already established business partnerships thanks to our existing wind projects in other countries,” says Dr Alexandra von Bernstorff, Managing Partner of Luxcara.
The wind farm lies in the region of Northern Ostrobothnia and has excellent wind conditions. It was acquired for a portfolio for institutional investors and will provide more than 90.000 households with clean energy.
