On 28 November 2022 it was announced that Helen and Ålandsbanken’s wind power fund have agreed with the Nordic wind power developer OX2 to construct a 145 MW wind farm in Pieksämäki, Eastern Finland. The construction of the Niinimäki wind farm is expected to be completed by the end of 2024 and, once operational, it will be the largest wind farm in Eastern Finland.
EY acted as the tax due diligence advisor for Helen and Ålandsbanken’s Wind Power Fund and provided support throughout the transaction process on tax aspects of the deal. EY has assisted Helen and Ålandsbanken’s wind power fund on tax matters in their recent investments in Finnish wind farms Juurakko, Karahka, Kalistanneva and now Niinimäki.
Read Helen’s press release here.
Contact details at EY for more information:
International Tax and Transaction Services, Partner
+358 40 556 1181
International Tax and Transaction Services, Manager
+358 400 740 750