•  
  •  
  •  

Luxcara acquires 100-MW wind project in Finland

Wind turbine. Image by: ABO Wind (www.abo-wind.com).

February 21 (Renewables Now) - German renewables investor and asset manager Luxcara GmbH said today it has bought the 100-MW Valikangas wind project in Finland from German renewables developer ABO Wind AG.

The particular wind park will be built by the seller at a site in the region of Northern Ostrobothnia. The electricity it produces upon completion will be sold to an off-taker on the basis of a power purchase agreement (PPA), Luxcara said in a statement.

The asset manager noted it has bought the asset for a portfolio for institutional investors. It anticipates the plant to be hooked to the grid in the summer of 2020.

Luxcara's existing portfolio of European solar and wind assets exceeds 1 GW of capacity.

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription