HPP was pleased to assist long-standing client, the Element Power group, a leading global renewables developer investor, on the disposal of certain of its Finnish assets in 2 transactions.
The first transaction involved the sale of project assets and development rights concerning the Kangastuuli and Navettakangas wind farms, from the Element Power-owned project company Kangastuuli Oy, to Suomen Hyötytuuli Oy, a leading Finnish wind developer. The second transaction involved the purchase by German renewables developer Energiequelle GmbH of the 3 SPVs holding the development rights to the Mikonkeidas, Lumivaara and Korvenneva wind farm projects located in the regions of Ostrobothnia, South Ostrobothnia, Satakunta, and Kainuu. The planned project size is of up to 39 wind turbines.
Transaction values remain confidential.