Luxcara, one of the leading asset managers for renewable energy investments, has acquired the Finnish wind power project Välikangas, which has a projected capacity of 100 MW. The produced electricity will be sold to an off-taker on the basis of a power purchase agreement (PPA).
The wind farm has been developed by and will be built with ABO Wind as construction manager. Connection to the grid is envisaged for summer 2020.
“We continue to be convinced by wind power in the Nordics and are happy to realize this Finnish wind project on the basis of already established business partnerships thanks to our existing wind projects in other countries”, says Dr. Alexandra von Bernstorff, Managing Partner of Luxcara.
The wind farm lies in the region of Northern Ostrobothnia and has excellent wind conditions. It was acquired for a portfolio for institutional investors and will provide more than 90.000 households with clean energy.
Luxcara is an independent asset manager that creates investment opportunities in renewable energy and infrastructure for institutional investors. The owner-managed company was founded in 2009 by the sole shareholders, Dr. Alexandra von Bernstorff and Kathrin Oechtering. Luxcara acquires, structures, finances and operates renewable-energy portfolios with emphasis on long-term power purchase agreements.
Luxcara's portfolio comprises solar and wind power plants in Europe with a total capacity of more than 1 gigawatt and an investment volume above 2.3 billion euros. With this extensive track record, Luxcara is one of the most experienced asset managers in the renewable energy sector.
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