Aquila Capital, a player in the renewable energy sector, has solidified its commitment to sustainable energy solutions with the acquisition of two operational wind farms in Finland. These wind farm assets, valued at €120 million and boasting a combined capacity of 70MW, were sold by Tuulivoimayhtiö Pohjoistuuli, a subsidiary of Central European cleantech investment group Janom.
Janom initially ventured into the Finnish wind power landscape in 2012 when it invested in the Soidinmäki and Tyrinselkä wind farms through Tuulivoimayhtiö Pohjoistuuli. This was a pivotal move, considering that at the time, Finland's installed wind power capacity stood at 231MW. Tuulivoimayhtiö Pohjoistuuli has played an integral role in the life cycle of Tyrinselkä and Soidinmäki wind farms, from their inception, through permit acquisition, securing power purchase agreements, obtaining bank financing for construction, to overseeing the construction process.
Furthermore, Tuulivoimayhtiö Pohjoistuuli has been responsible for the day-to-day operation of these wind parks. In light of the recent transaction, Tuulivoimayhtiö Pohjoistuuli will continue to manage both wind parks on behalf of Aquila Capital.
Andrej Srsen, CEO of Janom, underlined the significance of wind farms in Europe's pursuit of securing energy supplies and reducing carbon emissions to meet net-zero targets. He emphasized that wind farms are an essential component of the solution, particularly in the context of Europe's evolving energy landscape.
Finland's early commitment to fostering wind energy investments created significant opportunities for Janom to leverage its cleantech expertise and develop a robust business over the past decade. The success in Finland has highlighted the potential for cleantech investments across the entirety of Europe. Janom is currently setting its sights on Western Balkan countries, which are at a stage akin to Finland in 2012, offering immense potential for climate impact through similar investments. This move underscores the ripple effect of sustainable investments and their transformative power in the quest for greener and more environmentally responsible energy systems.
