Aquila European Renewables to buy 43.2-MW wind farm in Finland
Transactions - DECEMBER 27, 2019

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Aquila European Renewables to buy 43.2-MW wind farm in Finland

by Andrea Zander

Aquila European Renewables Income Fund, the London-listed investment company advised by Aquila Capital Investmentgesellschaft mbh, has approved the signing of an SPA to purchase its first construction-ready wind farm in Finland since its initial public offering on the London Stock Exchange in June 2019.

"This is the first investment by the company into a construction-phase project, and as such, moves us further up the value chain,” said Ian Nolan, Aquila Capital chairman. “Together with the very recently announced investment into Project Svindbaek, this transaction will add another attractive wind farm to the company's portfolio. The board is very pleased to see that the company has been able to successfully deploy nearly all of its raised capital proceeds, so far ahead of the 12 months period announced in the prospectus."

The company agreed to acquire 100 percent of the share capital of Korkeakangas Wind Oy, a Finnish company that owns Project Korkeakangas, for a

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