Infracapital is acquiring two onshore wind projects in Finland, aiming to enhance sustainable energy production while partnering with OX2, an established regional developer.

Target Information

Infracapital is set to acquire 100% of two onshore wind projects, which will comprise a total of 14 turbines with an estimated annual production output of around 206 GWh. This energy production is sufficient to supply approximately 120,000 homes. The project will continue to be managed by OX2, which has secured a customized engineering, procurement, and construction (EPC) contract, ensuring its oversight during both the construction and operational phases. Construction is slated to begin in the Autumn of 2019, with commercial operations expected to launch in the fourth quarter of 2021.

Industry Overview in Finland

The renewable energy sector in Finland is progressively expanding, reflecting a comprehensive commitment to sustainable practices. Currently, renewable sources account for approximately 40% of overall energy consumption in the country. The Finnish Government has laid out an ambitious National Energy and Climate Strategy aimed at increasing the share of renewables to over 50% by the end of the 2020s. This strategic vision highlights the government's focus on developing a robust and sustainable energy infrastructure.

Finland is characterized by an efficient Nordic energy market that promotes the adoption of clean energy solutions. The growing emphasis on wind energy in the region is evident, with numerous projects either