BayWa r.e. forms joint venture to tackle Finnish wind market

Wind Industry Profile of

BayWa r.e. has announced its entry to the Finnish wind market by signing a transaction for a 50% stake in a joint venture with Exilion, a Finnish investment company that specialises in real estate and renewable energy investments. Both companies will develop and invest into the Karhakkamaa wind farm project, which will consist of 48 wind turbines with an installed capacity of about 350 MW.

The project will be developed in the Karhakkamaa area in the north of Finland, about 32 kilometres north of the centre of the Tornio municipality and approximately five kilometres from the Swedish border. “The acquisition of the joint venture and the co-development of a sizable wind farm in Finland aligns with our aim to enter the Finnish wind market, which we consider as a... ... More: Official Press Release BayWa r.e.

Keywords:

BayWa r.e., Finland, wind market, joint venture, onshore, wind farm, MW, capacity, Exilion