VSB Group is to sell the 150MW Karahka and 40MW Juurakko wind farms in Finland to national utility Helen.
Helen will acquire the wind assets for an undisclosed price together with the Ålandsbanken Wind Power Special Investment Fund.
The transaction will contribute to Finland’s energy independency as well as increase local generation of emission-free electricity, said the VSB.
The Juurakko wind farm, with seven wind turbines and a total capacity of 40MW, is under construction and will be completed by the end of 2022.
In Karahka, a total of 25 wind turbines with a total capacity of approximately 150MW will be installed. Construction will begin in autumn 2022 and the project is scheduled to be commissioned by the end of 2024.
“We are delighted that with our wind projects in Karahka and Juurakko our market entry in Finland has been successful,” said Frédéric Lanoë, CEO of the VSB Group.
“We are proud to contribute to reaching Finland’s target of climate neutrality by 2035 and are eager to drive forward the energy transition in the country, with more wind projects to come.
“With Helen and Ålandsbanken we have found reliable and trustworthy national partners for our first Finnish wind farm portfolio. Due to the current geopolitical situation, it is even more important to increase local energy production.”