Krogerus advises CPC Finland on a long-term corporate power purchase agreement
Krogerus advised CPC Finland Oy on a long-term corporate power purchase agreement (PPA) arrangement for a 50 MW subsidy-free wind farm Lakiakangas, located in Isojoki, in the Southern Ostrobothnia region of Finland. The project is likely to be the first market based and project financed wind farm in Finland.
The agreement comprises production of 12 Vestas V150-4.2 MW wind turbines, which represent the latest and most efficient wind power technology in the world. The civil construction works have already started earlier in July and the wind turbines are planned to be erected in the summer of 2019.
CPC Finland is a fully owned subsidiary of the German based CPC Germania GmbH & Co KG, which is one of the oldest wind power companies in Europe. Since 1993 CPC has built over 50 wind power projects, with the total capacity of more than 600 MW. CPC has operated in Finland since 2011.
The Krogerus team was led by partner Ville Hailikari. He was mainly assisted by senior associate Nikolas Sjöberg and associate Vilma Jeskanen.