Roschier advised Downing in the acquisition of an onshore wind farm in Finland
Investment management firm Downing, through Bagnall Energy Limited, the renewable energy and infrastructure arm of Downing Estate Planning Service, has agreed to acquire the Konttisuo wind farm in Finland at the commencement of operations from developer Energiequelle. Roschier advised the buyer in the transaction.
The Konttisuo wind farm is a 30MW onshore wind farm located near Soini in the region of Southern Ostrobothnia. Construction is scheduled to be completed in the second quarter of 2022. The acquisition represents Downing’s first investment in Finland.
The project was developed and is being constructed by Energiequelle, a leading European developer who will also provide long-term technical and commercial management services to the plant.
Downing LLP is a London-based investment management firm with 25,000 investors and currently manages approximately £1.6 billion of equity invested into businesses across a range of sectors. Downing has made more than 175 investments into solar parks, wind farms and hydroelectric plants since 2010.