Fieldfisher has advised KGAL Investment Management GmbH & Co KG (KGAL) on the acquisition of Silovuori, an onshore wind farm in Finland.
The wind farm, which is located in the municipality of Pyhäjoki, Northern Ostrobothnia, has a total capacity of 26.4 MW. It was developed by the sellers, ABO Wind, and will comprise eight V126-3.3 MW Vesta wind turbine generators operating at a hub height of 140.2 metres upon completion, which is scheduled for this year.
Fieldfisher cooperated with the Finnish law firm Hammarström Puhakka Partners which advised especially on the due diligence of the project and on the Finnish law aspects. The financing for the project was provided by HSH Nordbank AG.
The Fieldfisher team was led by Munich-based energy partner Daniel Marhewka, supported by Düsseldorf-based finance partner Dr. Patrick Halfpap MLE., LL.M. and energy senior associate JUDr. Zuzana Meinecke Fábry, LL.M.Eur.
Daniel Marhewka said: "We are delighted to have assisted KGAL on their entrance into the Finnish market. This project adds another country to the list of countries in which Fieldfisher has been entrusted to advise in the renewable energy sector, following on from our advising on deals in Germany, the UK, France, Spain and Italy in 2015. Our international reach in renewable energy is clear."