Financial Close for Finnish Karhunnevankangas project

Wind Industry Profile of

wpd, together with Commerzbank and Norddeutsche Landesbank (NORD/LB), can announce the achievement of financial close in the Finnish project Karhunnevankangas (Karhu).

This means that the financing of wpd europe’s largest onshore wind project, which will be realized with a total capacity of 188 MW in the Österbotten region of western Finland, has been completed. For this, wpd could rely on the good cooperation with the two banks Commerzbank and NORD/LB. The three parties had already cooperated on the financing of the Finnish wind farm Tohkoja. The green electricity generated by the Karhu wind farm is sold to the paper company UPM Kymmene via a long-term power purchase agreement (PPA). In addition to the participation of the two banks, this was also the... ... More: Official Press Release wpd

Keywords:

wpd, Commerzbank, Norddeutsche Landesbank, financial close, Finland, onshore, wind farm, project, operation, construction, government