Transaction: VSB Group Sells 190 MW Wind Farm Portfolio In Finland
Oulu/Helsinki/Dresden - VSB Group is selling its Finnish wind farms Juurakko and Karahka in the North Ostrobothnia region to the Finnish energy company Helen. The two projects were developed by VSB Uusiutuva Energia Suomi Oy, the Finnish subsidiary of the project developer and operator for wind energy and photovoltaics.
Helen is the majority shareholder of both wind farms and will acquire these wind assets together with the Ålandsbanken Wind Power Special Investment Fund.
"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," said Frédéric Lanoë, CEO of VSB Group. "As a result of these latest acquisitions, wind power is expected to account for one-third of our electricity production in 2025 when more than 90 per cent of our total production would be emission-free," added Antti Sallila, Senior Vice President, Strategy, Mergers and Acquisitions at Helen.
Headquartered in Dresden, Germany, VSB Group is one of the leading vertically integrated renewable energy developers in Europe. VSB is majority owned by Partners Group of Switzerland, a leading global manager of private market assets. VSB's core business is project development of onshore wind and PV farms, their operational management and the operation of its own farms. VSB says it has a pipeline of more than 10 GW. To date, more than 700 wind energy and photovoltaic plants with a capacity of around 1.1 GW have been built since 1996. VSB also provides services of around 1.4 GW. The Group and its affiliated companies employ more than 450 people.
Source: IWR Online, Jul 07 2022