Practices

Finance

Languages

Finnish, English

A woman with long brown hair stands confidently with arms crossed, wearing a blue blazer and black pants, in front of a plain teal background.

Oona Aalto

Associate Finance

A woman with long brown hair stands confidently with arms crossed, wearing a blue blazer and black pants, in front of a plain teal background.

Practices

Finance

Languages

Finnish, English

Oona advises clients on all types of financial arrangements, with a particular focus on bank lending as well as acquisition and real estate financing.

She also provides advice on questions related to general corporate, contract, and commercial law.

Selected References

Parties:

OX2

Transaction:

Hannes Snellman Advised OX2 in the construction, development, offtake, and Finnish law aspects of the project financing of two energy storage facilities with a combined capacity of 235 MW/470 MWh

The energy storage facilities will be co-located with the Kannisto wind farm in Halsua and the Korkeamaa wind farm in Soini. Both energy storage facilities will be completed in 2028. The projects represent OX2's first energy storage additions to its Finnish IPP portfolio, and OX2 has secured a long-term flexible purchase agreement with Norwegian power producer Statkraft for the operation and optimisation of both storage facilities. OX2 has also secured a long-term project financing package with KfW IPEX-Bank, NatWest, Nordea, and SEB through an extension of the commitments already made towards the Kannisto, Korkeamaa, and Salo-Ylikoski wind power projects. The energy storage facilities will remain under OX2's ownership after completion.

Hannes Snellman advised OX2 in respect of the BESS supply agreements and long term service agreements, balance of plant agreements, optimisation agreements, due diligence as well as Finnish law aspects of the project financing.

Value:

Not public

Role:

Counsel to OX2

Contacts

Parties:

Titanium, Kinland AS

Transaction:

Hannes Snellman advised Erikoissijoitusrahasto Titanium Hoivakiinteistö in the divestment of 13 daycare properties to Kinland AS at a purchase price of approximately 35 million euro.

Value:

EUR 35 million

Role:

Counsel to Titanium

Contacts

Hannes Snellman advised OX2 in respect of the construction contracts, PPA, development, due diligence as well as Finnish law aspects of the project financing.

Contacts

Parties:

Exilion, Merus Power

Transaction:

Hannes Snellman advised Exilion, a leading Finnish renewable energy investor, on its approximately EUR 17 million investment into a 30 MW/66 MWh energy storage facility in Mäntyharju. Once operational in 2026, the facility will provide critical balancing capacity to the electricity market and enhance power system stability. Our team provided comprehensive legal advice on negotiating construction, supply, services and transaction contracts with Merus Power.

Value:

EUR 17 million

Role:

Counsel to Exilion

Contacts

The Rajamäenkylä wind farm in Karijoki and Isojoki will be completed in 2028 and comprise 54 Nordex N175/6.8 wind turbines with a total capacity of 367 MW. The Honkakangas wind farm in Halsua will be completed in 2027 and comprise 16 Nordex N175/6.525 wind turbines with a total capacity of around 105 MW. The projects have a long-term PPA with a multinational corporate offtaker, and OX2 has also secured a long-term debt financing agreement with Santander Corporate & Investment Banking. The investment amounts to more than EUR 700 million, and the wind farms will remain under OX2’s ownership once constructed.

Hannes Snellman advised OX2 in respect of the construction contracts for full grid and balance of plant, turbine procurement, PPA, development, as well as Finnish law aspects of the project financing.

Our core team comprised Maria Landtman, Klaus Metsä-Simola, Marjaana Martikainen, Katja Perätalo, Minna Juhola, Elisa Panula, Emmi Malm, Julia Ranta, Linda Härkönen, Rauli Elenius, Alisa Ainonen, Elina Uitto, and Jenny Karlsson, (Real Assets), Josefina Aalto, Anna Huttunen, and Oona Aalto (Finance), Piia Ahonen and Harri Vehviläinen (Tax), Olli Mäkelä (Dispute Resolution), and Legal Assistants Victoria Reiter, Salla Mäki, Zoe Röpelinen, Melisa Göllü, and Laura Pöyhönen.

Contacts

Parties

Locus Energy Ab, SUSI Renewable Energy Fund II

Transaction

Hannes Snellman acted as counsel to Locus Energy Ab, a long-term active owner and developer of local infrastructure for sustainable energy production in the Nordic region, in its acquisition of portfolio of three operating Finnish wind farms from SUSI Renewable Energy Fund II. The wind farms Pirttiselkä, Leppävirta and Muntila consists of 13 wind turbine generators and contribute approximately 125 GWh in annual production.

Deal Value

Not public

Role

Counsel to Locus Energy Ab, a long-term active owner and developer of local infrastructure for sustainable energy production in the Nordic region, in its acquisition of portfolio of three operating Finnish wind farms from SUSI Renewable Energy Fund II

Contacts
  • A man in a dark navy suit, white shirt, and patterned tie stands against a plain beige background with his hands behind his back, facing the camera with a neutral expression.

    Tapio Teräkivi

    Senior Partner +358 40 769 8273 tapio.terakivi@hannessnellman.com
  • A woman with straight brown hair, wearing a long-sleeved black blouse, stands against a plain, warm brown background, smiling gently with her hands clasped in front of her.

    Elisa Panula

    Managing Associate +358 50 917 6807 elisa.panula@hannessnellman.com
  • A woman with shoulder-length blonde hair wearing a light blue dress stands against a plain beige background, looking at the camera with a neutral expression and one arm crossed over her body.

    Silja Piironen

    Senior Associate +358 40 580 7175 silja.piironen@hannessnellman.com
  • A woman with long brown hair wearing a black short-sleeve top stands in front of a solid orange background, looking at the camera with a slight smile.

    Josefina Aalto

    Specialist Partner +358 50 505 7427 josefina.aalto@hannessnellman.com
  • A woman with long brown hair stands confidently with arms crossed, wearing a blue blazer and black pants, in front of a plain teal background.

    Oona Aalto

    Associate +358 44 023 2073 oona.aalto@hannessnellman.com
  • A man in a dark suit with a white shirt and blue tie stands against a plain, light brown background, smiling slightly with his hands at his sides.

    Aleksi Maunumäki

    Associate +358 41 506 2267 aleksi.maunumaki@hannessnellman.com
  • A man in a navy blue suit, white shirt, and dark tie stands against a plain purple background, smiling slightly with his hands loosely clasped in front of him.

    Mikko Huimala

    Partner +358 44 530 0753 mikko.huimala@hannessnellman.com
  • A young woman with long, wavy brown hair stands against a plain light purple background, wearing a light pink blouse and a black skirt. She is smiling softly and has her arms crossed.

    Karoliina Kaartinen

    Billing and Collections Assistant +358 40 577 0425 karoliina.kaartinen@hannessnellman.com

Parties

Keliber Oy

Transaction

Counsel to Sibanye-Stillwater’s subsidiary Keliber Oy in respect of matters of Finnish law in the EUR 500 million green loan financing for the Keliber lithium project in Finland through its subsidiary Keliber Technology Oy. The green loan secures the final capital expenditure funding required for the construction and development of the Keliber lithium project’s mining, processing and refining facilities in Kaustinen, Kronoby and Kokkola, Finland.

Deal Value

EUR 500 million

Role

Counsel to Keliber Oy

Contacts
  • A man in a dark suit with a red striped tie and pocket square sits on a stool against a plain teal background, looking at the camera with a slight smile, hands clasped in front of him.

    Markus Bremer

    Partner +358 40 716 9676 markus.bremer@hannessnellman.com
  • A woman with long brown hair wearing a black short-sleeve top stands in front of a solid orange background, looking at the camera with a slight smile.

    Josefina Aalto

    Specialist Partner +358 50 505 7427 josefina.aalto@hannessnellman.com
  • A person with shoulder-length blonde hair stands confidently with arms crossed, wearing a dark burgundy shirt and grey vest against a solid light brown background.

    Anna Huttunen

    Associate +358 40 566 7210 anna.huttunen@hannessnellman.com
  • A woman with long brown hair stands confidently with arms crossed, wearing a blue blazer and black pants, in front of a plain teal background.

    Oona Aalto

    Associate +358 44 023 2073 oona.aalto@hannessnellman.com

Parties

Haveli Investments, M-Files Corporation

Transaction

Haveli Investments' majority recapitalisation of M-Files Corporation, a leading platform for knowledge work automation.

Deal Value

Value not public

Role

Counsel to Haveli Investments

Contacts

Parties

Special Mutual Fund Titanium Care Real Estate (AIF) (Borrower), Danske Bank A/S and OP Corporate Bank plc (Lenders)

Transaction

Counsel to Special Mutual Fund Titanium Care Real Estate (AIF) in its EUR 203,000,000 facility agreement

Deal Value

EUR 203,000,000

Role

Counsel to Special Mutual Fund Titanium Care Real Estate (AIF)

Contacts
  • A man in a dark suit and white shirt sits on a stool against a plain tan background, looking at the camera with a neutral expression. His hands are resting on his knee, and he is wearing a wristwatch.

    Antti Nyberg

    Partner +358 40 838 9375 antti.nyberg@hannessnellman.com
  • A woman with long blonde hair, wearing a black long-sleeve dress, stands against a light purple background, looking at the camera with a neutral expression and her hands loosely clasped in front of her.

    Pauliina Sutinen

    Managing Associate +358 50 346 5280 pauliina.sutinen@hannessnellman.com
  • A person with shoulder-length blonde hair stands confidently with arms crossed, wearing a dark burgundy shirt and grey vest against a solid light brown background.

    Anna Huttunen

    Associate +358 40 566 7210 anna.huttunen@hannessnellman.com
  • A woman with long brown hair stands confidently with arms crossed, wearing a blue blazer and black pants, in front of a plain teal background.

    Oona Aalto

    Associate +358 44 023 2073 oona.aalto@hannessnellman.com

Professional Background

  • Associate, Hannes Snellman, 2024-

Education

  • Master of Laws, University of Helsinki, 2024