Puskakorpi’s 88 MW Onshore Wind Farm Financing

Watson Farley & Williams and Krogerus advised Societe Generale on the project financing.

Initially developed by GE Renewable Energy (”GE”) in partnership with Finnish developers Smart Windpower and Mincovest, Puskakorpi was subsequently acquired shortly before financial close by Foresight Energy Infrastructure Partners SCSp, a Luxembourg special limited partnership for which Foresight Group LLP acts as portfolio manager. This is Foresight’s first onshore wind investment in Finland as well as its first partnership with GE in the sector.

GE is also supplying 16 Cypress wind turbines to Puskakorpi and has entered into a 30-year full-service agreement for the project, which will generate enough renewable energy to power the equivalent of 55,000 households in Finland.

Societe Generale is a multinational investment bank and financial services company headquartered in Paris. Founded in 1864, it is France’s third largest bank by total assets and the seventh largest in Europe.

The WFW London Energy team that advised Societe Generale was led by Partner and Global Energy Sector Co-Head Henry Stewart (Picture), supported by Associates Abraham Knight, Dominic Wong and George Garthwaite. Partner Emmanuel Ninos provided construction law expertise, working closely with Associates James Fryer and Jonathan Forrest.

Krogerus team was led by Partners Sami Laine and Päivi Toivari, and they were primarily assisted by Associates Linda Härkönen, Iida Salonen, Riina Toivonen-Vuong and Valtteri Ylä-Rautio.

Involved fees earner: Linda Härkönen – Krogerus Attorneys Ltd; Sami Laine – Krogerus Attorneys Ltd; Iida Salonen – Krogerus Attorneys Ltd; Päivi Toivari – Krogerus Attorneys Ltd; Riina Toivonen – Krogerus Attorneys Ltd; Valtteri Ylä-Rautio – Krogerus Attorneys Ltd; Jonathan Forrest – Watson Farley & Williams; James Fryer – Watson Farley & Williams; George Garthwaite – Watson Farley & Williams; Abraham Knight – Watson Farley & Williams; Emmanuel Ninos – Watson Farley & Williams; Henry Stewart – Watson Farley & Williams; Dominic Wong – Watson Farley & Williams;

Law Firms: Krogerus Attorneys Ltd; Watson Farley & Williams;

Clients: Société Générale;

Federica Tiefenthaler

Author: Federica Tiefenthaler