Highlight 8 November 2022

Krogerus advises BayWa r.e. on its entry into the Finnish wind power market

Krogerus advised BayWa r.e. on its entry to the Finnish market by signing a transaction for a 50% stake in a wind farm development joint venture with Exilion, a Finnish investment company that specialises in real estate and renewable energy investments. The project will be developed in the Karhakkamaa area in northern Finland, approximately 32 kilometres north of the centre of the Tornio municipality and approximately five kilometres from the Swedish border. The Karhakkamaa project will consist of 48 wind turbines with an aggregate capacity of approximately 350 MW.

Based in 29 countries, with revenues of almost €3.6 billion, BayWa r.e. is a leading global renewable energy developer, service provider, distributor and energy solutions provider.

Krogerus Team was led by Partner Sami Laine and he was primarily assisted by Partner Ville Hailikari, Counsel Essi Launonen and Associates Nelli Rönkkö and Kalle Lipsanen. Partner Antti Lehtimaja led the tax workstream, and he was primarily assisted by Associate Sakari Kalpio.

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