BlackRock’s Acquisition of Large-Scale 218 MW Wind Power Portfolio

Krogerus advised BlackRock on the deal.

BlackRock announced the acquisition of a large-scale 218 MW wind power portfolio from Green Horizon Renewables and minority shareholders. The portfolio consists of one 19 MW operational wind farm and four ready-to-build development projects with a total capacity of 198 MW. Krogerus also advised on negotiating a long-term corporate PPA for the projects.

Construction of the projects have already begun and all sites are expected to be operational by Q4/2022 / Q1/2023. The sellers will manage the construction works under a construction management agreement and Nordex will supply the wind turbines.

The Krogerus team was led by Partner Ville Hailikari (Picture) and included Partner Sami Laine, Counsel Essi Launonen, Senior Associate Jasmin Wardi and Associates Jani-Pekka Jussila, Anna Salokangas, Lila Kallio and Annika Mattila.

Involved fees earner: Ville Hailikari – Krogerus Attorneys Ltd; Jani-Pekka Jussila – Krogerus Attorneys Ltd; Lila Kallio – Krogerus Attorneys Ltd; Sami Laine – Krogerus Attorneys Ltd; Essi Launonen – Krogerus Attorneys Ltd; Annika Mattila – Krogerus Attorneys Ltd; Anna Salokangas – Krogerus Attorneys Ltd; Jasmin Wardi – Krogerus Attorneys Ltd;

Law Firms: Krogerus Attorneys Ltd;

Clients: BlackRock;

Federica Tiefenthaler

Author: Federica Tiefenthaler