Karhunnevankangas (Karhu) Onshore Wind Farm

Karhunnevankangas (Karhu) Onshore Wind Farm - Euler Hermes Covered Loan

Industry
Power/Onshore wind
Area of finance
Project & Infrastructure Finance
Country
Finland

Deal Overview

Wpd has reached financial close of its 188MW Karhunnevankangas (Karhu) onshore wind project in the Osterbotten region of western Finland. A financing covers the construction and operating phases and includes a long-term Euler Hermes facility, various guarantees and an equity bridge...

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Wpd has reached financial close of its 188MW Karhunnevankangas (Karhu) onshore wind project in the Osterbotten region of western Finland. A financing covers the construction and operating phases and includes a long-term Euler Hermes facility, various guarantees and an equity bridge facility. 

Karhu will will sell electricity to paper company UPM Kymmene under a PPA.

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Deal Volume
$ 268.43m
Financial Close
18 May 2021

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Projects

Karhunnevankangas (Karhu) Onshore Wind Farm

Greenfield
Onshore wind
Finland
$ 268.43m