Downing LLP (Downing) is pleased to announce that Bagnall Energy Limited, the renewable energy and infrastructure arm of Downing Estate Planning Service, has agreed to acquire a 30MW onshore wind farm in Finland at the commencement of operations.
The 30MW Konttisuo wind farm is located near Soini in the region of Southern Ostrobothnia, Finland, and once constructed will produce enough electricity to power the equivalent of c.37,000 UK homes a year.
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. Nordex supplied the seven N149 turbines and is contracted to provide long-term maintenance services to the project for 25 years.
The acquisition represents Downing’s first investment in Finland and Bagnall’s second technology in the Nordic region.