Hannes Snellman Counsel to Metsähallitus in Divestment of Wind Farm Project to Taaleri Plc Private Equity Fund and Loiste Energia Oy
On 23 June 2016, Metsähallitus and a JV owned by Taaleri Plc’s private equity fund, Taaleri Tuulitehdas II and Loiste Energia Oy completed the second phase of a transaction that had begun in 2014. At the time of the acquisition, Taaleri Plc’s private equity fund Taaleri Tuulitehdas II and Loiste Energia Oy had just enlarged their Kivivaara-Peuravaara wind farm project by six wind turbine generators, bringing the total number of wind turbine generators to 19, with a total investment value of EUR 110 million. The entire transaction includes two pre-construction stage wind farm projects, Kivivaara-Peuravaara and Tolpanvaara that are envisaged to comprise a total of 55 wind turbine generators with an electricity production capacity of approximately 165 megawatts.
Hannes Snellman acted as legal counsel to Metsähallitus in its divestment of these two wind farm projects. Our core team is comprised of Tapio Teräkivi, Katja Heikkinen, Klaus Metsä-Simola and Ninja Heikkilä.