Konttisuo wind farm
Downing LLP (Downing) is pleased to announce that Bagnall Energy Limited, the renewable energy and infrastructure arm of Downing Estate Planning Service, has agreed to acquire a c.30MW onshore wind farm in Finland at the commencement of operations.
The c.30MW Konttisuo wind farm is located near Soini in the region of Southern Ostrobothnia, Finland, and produces enough electricity to power the equivalent of c.37,000 UK homes a year.
The project was developed and has been constructed by Energiequelle, a leading European developer who will also provide long-term technical and commercial management services to the plant. Nordex supplied the seven N149 turbines and is contracted to provide long-term maintenance services to the project for 25 years.
The acquisition represented Downing’s first investment in Finland and Bagnall’s second technology in the Nordic region.
Key facts
Downing LLP does not provide advice or make personal recommendations and investors are strongly urged to seek independent advice before investing. Investments offered on this website carry a higher risk than many other types of investment and prospective investors should be aware that capital is at risk and the value of their investment may go down as well as up. Any investment should only be made on the basis of the relevant product literature and your attention is drawn to the risk, fees and taxation factors contained therein. Tax treatment depends on individual circumstances of each investor and may be subject to change in the future. Past performance is not a reliable indicator of future performance. Downing LLP is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 545025). Registered in England No. OC341575. Registered Office: Downing, 10 Lower Thames Street, London, EC3R 6AF.