Falck Renewables purchases two Finnish wind projects

Wind Industry Profile of

Falck Renewables S.p.A., through its subsidiary Falck Renewables Finland Oy, announces the signing of the contract for the purchase of two ready-to-build wind farms in Finland, from Danish group, European Energy.

Once in operation, the projects - both located in the municipality of Karstula, with a total installed capacity of 55 MW - are expected to produce around 160 GWh of electricity annually, equivalent to the energy needs of around 19,500 households. The Enterprise Value of the transaction amounts to approximately € 7.3 million, financed entirely with own financial resources and subject to closing conditions adjustments. Toni Volpe, CEO of Falck Renewables, commented: “Today's acquisition represents an important milestone as it marks... ... More: Official Press Release Falck Renewables

Keywords:

Falck Renewables, Finland, wind farm, onshore, purchase, European Energy, financing, investment, construction