Downing is to acquire the 30MW Konttisuo wind farm in Finland through its renewable energy subsidiary Bagnall Energy.
Bagnall Energy will acquire Konttisuo, which is located near Soini in the region of Southern Ostrobothnia, at the commencement of operations in the second quarter of this year.
The project was developed and is being constructed by Energiequelle, which will also provide long-term technical and commercial management services to the plant.
Nordex is supplying seven N149 turbines and is contracted to provide long-term maintenance services to the project for 25 years.
The acquisition represents Downing’s first investment in Finland and Bagnall’s second technology in the Nordic region.
Downing head of energy and infrastructure Tom Williams said: “We are delighted to be expanding our portfolio into Finland, which is accelerating its growth plans for renewable energy. Projects like the Konttisuo wind farm are key to delivering decarbonisation and increasing energy security.
“We’re also pleased to be partnering with Energiequelle, who have an excellent track record of development and management of wind projects across Europe.
“We look forward to continuing to work with them on this project and hope to add others in the future too.”
Energiequelle managing director Nils Borstelmann said: “We are extremely pleased to have found in Downing an investor for our Konttisuo wind farm, for whom, like for Energiequelle, a reliable renewable energy supply is central to the company’s goals.
“The good cooperation between Downing and Energiequelle has brought both companies another step closer to this goal.”