Enefit Green to divest Finnish wind farm to TD Greystone Infrastructure Fund

Enefit Green has agreed to divest its Tolpanvaara upwind workplace successful Finland to TD Greystone Infrastructure Fund, arsenic portion of a strategy to ore connected the Polish and Baltic markets, for astir €83m ($96.39m).

On behalf of TD Greystone Infrastructure Fund, Rabbalshede Kraft volition presume the absorption of the onshore upwind farm.

The facility, located astir 30km from Pudasjärvi connected Metsähallitus-manged land, has an installed capableness of 76MW and a 72MW grid export capacity.

The task consists of 13 Nordex turbines, which unneurotic are expected to nutrient astir 250GWh of renewable energy each year.

In December 2021, Enefit Green reached its last concern decision, and the workplace was completed past year.

Enefit Green absorption committee seat Juhan Aguraiuja said: “Tolpanvaara is Enefit Green’s lone upwind workplace successful Finland. As we bash not program to grow successful the Finnish market, we person decided to divest the asset.”

Advisory services for the transaction included Arctic Securities, which acted arsenic the sole fiscal advisor to Enefit Green, and Borenius, which provided ineligible counsel.

On the buyer’s side, KPMG Canada, KPMG Luxemburg, and Loyens & Loeff offered advisory enactment to TD Greystone Infrastructure Fund portion KPMG Finland, MAQS Advokatbyrå, and Lieke Attorneys served arsenic Rabbalshede Kraft’s ineligible advisors.

Rabbalshede Kraft CEO Peter Wesslau said: “This acquisition complements our Nordic portfolio and strengthens our semipermanent beingness successful Finland.

“We look guardant to further processing the projects successful adjacent dialog with section communities, partners, and landowners.”

TD Greystone Infrastructure Fund, portion of TD Asset Management, is simply a semipermanent infrastructure capitalist with a beingness successful renewable vigor crossed Northern Europe.

Rabbalshede Kraft, meanwhile, established successful 2005 and based successful Sweden, specialises successful the development, construction, and cognition of renewable vigor projects.

"Enefit Green to divest Finnish upwind workplace to TD Greystone Infrastructure Fund" was primitively created and published by Power Technology, a GlobalData owned brand.

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