Highlight 13 July 2022

Krogerus advises Helen and Ålandsbanken on their acquisition of Juurakko and Karahka wind farm projects

Krogerus advised Helen and Ålandsbanken Wind Power Fund on their joint acquisition of two wind farm development projects, Juurakko and Karahka, from the international VSB Group. Located in Kalajoki (Juurakko 40 MW) and in Oulainen (Karahka approximately 150 MW) in North Ostrobothnia, the wind farms will comprise a total of 32 turbines. The Juurakko wind farm is currently under construction, and is scheduled for completion during 2022. Construction work at Karahka will commence in autumn 2022, and the wind farm is scheduled for completion at the end of 2024. Krogerus also advised on the financing of the acquisition and the construction financing obtained for the wind farms.

Krogerus team was led by Partner Sami Laine and he was primarily assisted by Partner Ville Hailikari, Counsel Essi Launonen, Senior Associate Riku Saarinen and Associates Linda Härkönen, Ulla Jaatinen, Nelli Rönkkö and Janne Helaskoski. Partner Päivi Toivari led the financing work stream and she was primarily assisted by Associate Risto Mynttinen.

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