B Capital Partners has co-invested with Finnish developer Puhuri to acquire a 34.1% stake in the Kaukanen and Keso wind farms, marking its first investment in Finland to support the energy transition.

Information on the Target

B Capital Partners AG has entered into a significant investment in the renewable energy sector by co-investing with the Finnish developer Puhuri in the Kaukanen and Keso wind farms. This strategic investment entails a 34.1% equity stake in these projects, marking B Capital's inaugural venture in Finland. The Kaukanen and Keso wind farms, located approximately 500 km north of Helsinki and 80 km apart, possess a combined capacity of 87 MW. Upon their commissioning in early 2023, these wind farms are projected to generate around 275 GWh of energy, enough to provide carbon-free energy to approximately 19,000 Finnish households.

Industry Overview in Finland

The renewable energy industry in Finland is experiencing robust growth driven by a national commitment to achieving net-zero emissions. According to government targets, Finland aims to produce 75% of its energy from renewable sources by 2030. This ambition fosters increased investments in wind, solar, and hydroelectric power, propelling significant advancements in technology and infrastructure.

Wind energy, in particular, has emerged as a dominant player within the Finnish energy landscape. The country boasts a wealth of natural resources and optimal conditions for wind energy development, which has