Infracapital is acquiring two onshore wind projects in Finland, marking its first project in the Nordics and demonstrating a commitment to sustainability and renewable energy development.

Information on the Target

Infracapital is set to acquire 100% ownership of two onshore wind projects that consist of 14 turbines, with an estimated total production capacity of around 206 GWh annually. This output is sufficient to supply electricity to approximately 120,000 homes. OX2 will retain its role as the project’s asset manager throughout both the construction and operational phases, operating under a tailored engineering, procurement, and construction (EPC) contract. The construction phase is slated to begin in Autumn 2019, with commercial operations expected to commence in the fourth quarter of 2021.

Industry Overview in Finland

Finland's energy landscape is increasingly shifting toward sustainable sources, with renewable energy accounting for roughly 40% of the country's energy consumption. The Finnish Government's National Energy and Climate Strategy aims to enhance the proportion of renewables to over 50% of energy end-use during the 2020s. This transition is crucial for Finland as it works to meet its climate targets while ensuring energy security.

The Nordic energy market is known for its efficiency and integration, facilitating a strong reliance on renewable resources. Wind energy, in particular, has gained traction, with