Bagnall Energy, the renewable energy and infrastructure arm of Downing Estate Planning Service, has agreed to acquire a 30-megawatt onshore wind farm in Finland once it begins operations.
Located in the region of Southern Ostrobothnia, the Konttisuo wind farm will produce enough electricity to power the equivalent of 37,000 U.K. homes per year upon full buildout, which is expected to occur in the second quarter of 2022.
The acquisition represents Downing’s first investment in Finland and Bagnall’s second technology in the Nordic region.
Financial terms were not disclosed.