Highlight 23 August 2021

Krogerus advises CPC Finland on the sale of its 250 MW Lappfjärd wind farm to Prime Capital

Krogerus advises CPC Finland on the sale of its large-scale Lappfjärd wind farm to Prime Capital’s Prime Green Energy Infrastructure Fund (PGEIF) which is backed to a large extent by European pension funds.

The Lappfjärd wind farm has been originally developed by CPC Finland and is located in Kristiinankaupunki, Finland. The wind farm consists of up to 39 wind turbines with a total capacity of up to 250 MW. The construction will start in autumn and the wind farm is scheduled to be commissioned in the first quarter of 2023. The transaction will be securing Finland a sizable amount of new subsidy and carbon free electricity and the annual electricity production of the wind farm is estimated to cover the electricity consumption of approximately 200,000 households. CPC Finland will manage the construction of the wind farm and provide technical and commercial management services after completion.

The Krogerus team was led by Partner Ville Hailikari. He was mainly assisted by Partner Heidi Kivenjuuri, Counsel Essi Launonen and Associates Jani-Pekka Jussila, Linda Härkönen, Hanna Kim and Kaarlo Hakkarainen.

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