Falck to buy 55-MW shovel-ready wind duo from European Energy

Wind turbines. Author: sookie. License: Creative Commons, Attribution 2.0 Generic

November 4 (Renewables Now) - The Finnish subsidiary of Italy’s Falck Renewables SpA (BIT:FKR) has struck a deal to acquire 55 MW of ready-to-build wind farms in Finland from Danish wind and solar developer European Energy.

Falck Renewables Finland Oy will take possession of two wind projects, both located in the municipality of Karstula, in the Central Finland region, in return for some EUR 7.3 million (USD 8.5m), subject to closing conditions adjustments. The purchase amount will be financed entirely from the buyer’s own resources.

Once commissioned, the two wind farms are expected to generate around 160 GWh of electricity annually, or enough to cover the annual power consumption of around 19,500 homes.

With the deal, Falck Renewables will step on the Finnish market and expand its international footprint. European Energy, meanwhile, noted that the divestment will enable it to focus on the development of new wind, solar and energy storage projects across Finland.

To date, Falck Renewables has installed 1,320 MW of wind, solar, waste-to-energy and biomass capacity across Europe and the US.

(EUR 1.0 = USD 0.862)

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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