Highlight 15 June 2021

Krogerus advised Societe Generale on the project financing of the 88 MW Puskakorpi onshore wind farm in western Finland’s Northern Ostrobothnia region

Krogerus acted as the local counsel in project Financing of 88 ME Puskakorpi wind farm. Initially developed by GE Renewable Energy (”GE”) in partnership with Finnish developers Smart Windpower and Mincovest, Puskakorpi was subsequently acquired shortly before financial close by Foresight Energy Infrastructure Partners SCSp, a Luxembourg special limited partnership. This is Foresight’s first onshore wind investment in Finland as well as its first partnership with GE in the sector.

GE is also supplying 16 Cypress wind turbines to Puskakorpi and has entered into a 30-year full-service agreement for the project, which will generate enough renewable energy to power the equivalent of 55,000 households in Finland.

Societe Generale is a multinational investment bank and financial services company headquartered in Paris. Founded in 1864, it is France’s third largest bank by total assets and the seventh largest in Europe.

Krogerus team was led by Partners Sami Laine and Päivi Toivari, and they were primarily assisted by Associates Linda Härkönen, Iida Salonen, Riina Toivonen-Vuong and Valtteri Ylä-Rautio.

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