Krogerus advises leading banks on EUR 130 million wind farm financing for Taaleritehtaan Tuulitehdas I Ky

Krogerus advised Skandinaviska Enskilda Banken, Nordea Bank and Pohjola Bank in relation to a framework agreement concerning EUR 130 million wind farm financing for Taaleritehtaan Tuulitehdas I Ky.

“This is Finland’s largest project finance framework designed specifically for wind farms to date,” comments partner Päivi Toivari, head of the firm’s Banking and Finance practice.

Taaleritehtaan Tuulitehdas is one of the largest wind farm participants in the Finnish market. The first wind farm to be financed under the framework agreement is the Honkajoki wind farm. Five wind turbines are already active in Honkajoki as of this summer and four more turbines are planned in the near term.

Partner Päivi Toivari led the Krogerus team. Other team members included partner Ville Hailikari, senior associates Minna Korhonen and Mirja Sikander, and associates Pyry Somervuori and Karita Raittila.