EY-Parthenon advises Metsähallitus in the sale of a wind portfolio

Metsähallitus, the Finnish state-owned forestry and land management company, has agreed to transfer project rights for three wind power developments to Finnish renewable energy developer Nordic Generation.

The three projects, located in Simo, Kajaani, and Pyhäntä, will add up to 800 MW of clean, green power to Finland's energy grid, in a move to support the government's efforts to reach carbon neutrality by 2035. “This deal demonstrates that there is a demand for good wind power projects and that the Finnish energy market is also attractive at the international level,” says Markku Tuominen, Director of Wind Energy at Metsähallitus.

“There is confidence in the market that the demand for clean energy will continue to grow in Finland. One third of Finland’s total energy consumption is still based on fossil fuels. If Finland wants to achieve its carbon neutrality target, we must continue to increase the deployment of renewable energy projects and add more green energy into the mix,” states Tuominen.

Nordic Generation is backed by the Octopus Energy Renewable Infrastructure Trust plc (ORIT) and Sky – two funds managed by Octopus Energy Generation, one of Europe’s leading investors in renewable energy projects.

Below you can find a selection of EY-Parthenon's recent deal alerts and you can also find a more extensive list on our Transactions and Corporate Finance by EY-Parthenon page.