SUSI Renewable Energy Fund II acquires its second wind farm in Finland

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SUSI Renewable Energy Fund II acquires its second wind farm in Finland

The SUSI Renewable Energy Fund II has acquired the 21 MW wind farm Kopsa I near the City of Oulu in Central Finland from wind power company Puhuri Oy.

The transaction was completed through SUSI RE II’s fully owned project entity Pirttiselkä Tuulipuisto Oy and was closed on October 17th 2016. The fully operational wind farm features 7 Siemens SWT-2.0.113 WTG turbines with a total installed capacity of 21 MW and is expected to generate an annual output of around 65 GWh for 20 years, providing clean energy for over 16,000 four-person households. 

The wind farm was developed and constructed by Finnish utility Puhuri Oy, a member of the Kanteleen Voima group. SUSI completed the transaction together with established partners from its previous transaction in the Finnish wind market. German Landesbank Baden-Württemberg again provided the debt financing for the wind farm, and SUSI’s local partner, wind developer Ilmatar Windpower Oy, supported the transaction and will assume the local asset management of the wind farm.

Otto von Troschke, CIO of SUSI Partners, said: 

"The acquisition of the wind farm illustrates that SUSI is well positioned in the Finnish wind market and can count on established partners and advisors. We are excited to add this wind project to further enhance and diversify our portfolio, and are planning to execute further transactions in the Finnish wind, solar as well as energy efficiency markets."

Antti Vilkuna, CEO of Puhuri Oy, added: 

“It was a pleasure to conclude this deal together with SUSI Partners. The transaction allows Puhuri and its owners to construct other renewable production plants such as the Haapavesi Bioproduct Factory, where environmental impact assessment has just started.”

Technical and commercial management of the plant will be provided by Ilmatar. Mikko Toivanen, Head of TCM, commented: 

“We are very pleased to work with our valued partner SUSI on yet another joint project, and look forward to managing the Kopsa I wind farm with Ilmatar’s proactive and local approach resulting in superior availabilities and financial results for all stakeholders."

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