HPP advised the SUSI Renewable Energy Fund II and its fund advisor SUSI Partners AG (“SUSI”) on the successful acquisition by SUSI of a 21MW, 7 Siemens turbine operating wind farm in Pirttiselkä, Raahe, Finland.
The wind farm was built and operated by Puhuri Oy, a leading Finnish wind farm developer and operator and has been in operation and receiving feed-in-tariff since late 2013.
HPP’s team advised on legal aspects of the transaction including negotiating and finalising the asset purchase agreement, related completion actions and negotiating and finalising the senior and junior debt documentation. The senior debt package was provided by Landesbank Baden Württemberg. The value of the transaction will remain confidential.
The deal was the second major Finnish renewable energy project acquisition on which HPP has advised the fund advisor, SUSI Partners AG, based in Zurich, Switzerland.