Prime Capital, an asset manager and financial services provider, has announced the sale of three wind power projects in Finland. The projects have a cumulative capacity of 32.2 MW, comprised of 11 Vestas turbines. This capacity was acquired by two institutional funds from Luxembourg. They were advised by a German asset management company.
The projects are spread across Finland and have been in operation for an average of four years, having another eight years remaining under Finland’s contracts-for-difference regime. The wind projects were located at good wind sites with speeds of over seven metres per second. These were part of an account managed on behalf of a German pension fund, which focussed on wind and hydro assets in the Nordics.
Earlier this year, Prime Capital AG and Israeli power producer Enlight Renewable Energy unveiled the acquisition of the 372-MW Bjornberget wind project in Sweden from its developer RES and said talks are already ongoing for a 10-12 year power purchase agreement for about 50 per cent of the wind farm’s output.