Financial close reached for Finnish onshore wind farms

European Energy A/S has achieved financial closure for its Finnish onshore wind farms “Haukineva” and “Jeppo” located in Finland.

HSH Nordbank provided a long-term financing of €22.1 million (US$24.1 million) to developer European Energy A/S for the wind farm projects, which are located in the municipalities of Uusikaarlepvy and Kurikka in Finland, and have a total nominal capacity of 13.8 MW.

Following the financial close of the project financing, “Haukineva” and “Jeppo” were acquired by a Luxembourg based infrastructure fund which advised by re:cap global investors from Switzerland.

International law firm Watson Farley & Williams (“WFW”) has advised HSH Nordbank on the financing of the wind farms. Lead Partner Thomas commented:

“We are delighted to have been able to assist our long-standing client HSH Nordbank on their seventh Finnish wind farm financing, which reflects our market leading role in cross border energy projects in the Nordic area”.