Roschier represented a Finnish energy consortium in the acquisition of a wind farm in Lestijärvi
A consortium of Finnish energy companies, comprising Kymppivoima, Oulun Energia and Kuopion Energia, have agreed to acquire the largest wind farm so far to be constructed in Finland, from wind and solar farm developer OX2, for approximately EUR 650 million. Construction will start immediately. Roschier advised the buyer consortium in the transaction.
The wind farm in Lestijärvi will, once operational, be the largest ever in Finland and among the largest onshore wind farms in Europe during 2021. It comprises 69 turbines totalling 455.4 MW and will have an estimated yearly output of about 1.3 TWh, which corresponds to about two per cent of the total annual electricity production in Finland. The wind farm is scheduled to be completed early 2025.
OX2 will construct the wind farm and a significant grid infrastructure to connect the wind farm, including substation and a 58 kilometers long 400 kV transmission line. Once commissioned, OX2 will be responsible for the technical and commercial management of the project under a 15-year agreement, optimizing the production and supervising its safe operations.
Kymppivoima will own 65%, Oulun Energia 25%, and Kuopion Energia 10% of the Lestijärvi wind farm.
Roschier’s core advisory team comprised Toni Siimes, Rene Male, Iida Salonen, Tuure Leponiemi, Jonne Järvi, Lauri Saari and Miia-Mari Kasi.