Finnish renewable energy developer Taaleri Energia Ltd has agreed to offload three wind parks at home totalling 73.2 MW to a tie-up of Korean institutional investors.
Taaleri funds are selling the power plants to a group of investors led by Hana Financial Investments and Korea Investment & Securities, which are providing both debt and equity capital. The value of the transaction was not disclosed in the press release on Monday. It says the investment will be carried out via funds managed by NH Amundi and IBK Asset Management.
The wind farms in question are the eight-turbine Nyby and the Myllykangas I and Myllykangas II, which are together powered by 22 turbines. Located north of the city of Oulu, the power plants have been generating electricity since 2015/2016 and produce enough to supply around 28,000 homes per year and mitigate 70,000 tonnes of carbon dioxide (CO2) emissions.
Taaleri Energia expects to complete the sale in January 2020. Following the deal, it will continue to manage the investments under a managed account agreement and serve as the technical and commercial manager of the wind parks.
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.