Finnish developer Taaleri Energia has agreed to divest three operational wind farms on home turf to a consortium of Korean institutional investors.
The wind farms are the eight-turbine Nyby, 19-unit Myllykangas and three-machine Myllykangas 2, located around 55 kilometres north of the city of Oulu.
The three project, operational since 2015-16, have a combined capacity of 73.2MW.
The Korean investors, led by Hana Financial Investments and Korea Investment & Securities, are providing both the debt and equity for this transaction, investing via funds managed by NH Amundi and IBK Asset Management.
The sale is expected to be completed in January 2020.
Taaleri Energia will continue to manage the investments under a managed account agreement and will also continue as the technical and commercial Manager of the wind farms under the new owners.
“We are delighted to partner with Hana Financial Investments, Korea Investment & Securities, NH Amundi and IBK Asset Management and to continue to manage these assets for the new owners”, said Taaleri Energia managing director Kai Rintala.
Scala Fund Advisory acted as placement agent in the transaction.