News/9 Oct 2014

Borenius Advised Vartinoja I Ky and Its Sponsors in Financing of Wind Power Park

We advised Vartinoja I Ky and its sponsors in financing of a wind power park to be constructed in Siikajoki, Finland. The wind park will comprise nine turbines each capable of producing the power of approximately 2,7 MW. The value of the aggregate investment is about 42 million euros.

LähiTapiola (through its wind power fund Tuulitapiola Ky) and TuuliSaimaa Oy are the sponsors of the Vartinoja I Ky fund.

The Partner in charge of the assignment was Andrei Aganimov. Counsel Tuomas Tikkanen joined by Associate Jenna Saario carried out the negotiations on financing with the banks.

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