Luxcara, an independent asset manager in the global renewable energy market and ABO Wind have closed Construction and Service Agreements for three Finnish wind projects, which Luxcara has acquired from ABO Wind.
The wind projects Välikangas, Pihtipudas and Sievi are located in the Northern Ostrobothnia region and benefit from favorable wind conditions near the shore. With a projected capacity of 160 MW, the wind projects can provide 140.000 households with clean energy.
“We are looking forward to working with ABO Wind on our Finnish portfolio and are convinced that the projects will benefit from their vast experience in Finland”, says Dr. Philip Sander, Managing Partner of Luxcara.
“Following our successful cooperation in Germany, we are happy to have won Luxcara as a client in Finland as well. We expect the commissioning of the wind farms and the respective substations to be completed during the second half of 2021”, states Aapo Koivuniemi, CEO of the Finnish subsidiary ABO Wind Oy.
For more information, please contact:
GFD - Gesellschaft für Finanzkommunikation mbH
Telephone: +49 69 97 12 47 34
Media contact for ABO Wind:
Dr. Daniel Duben
ABO Wind AG
Telephone: +49 611 267 65-577
Luxcara is an independent asset manager offering institutional investors equity and debt investment opportunities in the international renewable energy market. The owner-managed company was founded in 2009. Luxcara acquires, structures, finances and operates renewable energy and related infrastructure projects as a long-term buy-and-hold investor. The company specializes in structuring free-market power purchase agreements.
Luxcara's portfolio includes solar and wind power plants across Europe with a total capacity of more than 3 gigawatt and an investment volume exceeding 3 billion euros. With this outstanding track record, Luxcara is one of Europe’s most experienced asset managers for renewable energy investments.
About ABO Wind
Founded in 1996, the company initiates wind and solar energy projects, acquires site locations, organises all technical and business planning, arranges international bank financing and delivers turnkey wind farms and solar parks. To date, ABO Wind has installed around 700 renewable energy plants with a total capacity of more than 1,500 megawatts.
Since 2013, the subsidiary ABO Wind Oy has been active in Finland and has already connected 29 turbines with a total capacity of almost 100 megawatts to the grid. It has sold successfully developed projects rights of more than 210 megawatts. ABO Wind Services Oy takes care of the operational and commercial management of turbines.