Krogerus Advises CPC Finland on a Joint Venture with Helen for Lakiakangas 3 Wind Farm
September, 2020 - Finland
Krogerus advised wind power company CPC Finland when it entered into a joint venture with Finnish energy group Helen (40% CPC, 60% Helen) for construction, owning and operating the 86 MW Lakiakangas 3 wind farm, consisting of 20 Vestas V150-4.3 MW turbines and located in the municipalities of Kristiinankaupunki and Isojoki in Western Finland. Krogerus also advised CPC Finland and the project company on the non-recourse project financing provided by OP Corporate Bank for the project.
The construction works of the wind farm have already started and the commissioning is expected to take place during the last quarter of 2021.
As a part of the project the joint venture will also construct, own and operate an approximately 31 km long 110kV overhead connection line from Fingrid’s Kristiinankaupunki substation to the Mansikkamäki and Tupaneva substations. The power line is currently under construction and will be commissioned in August 2021.
The Krogerus team was led by Partner Ville Hailikari and he was mainly assisted by Partner Marko Vuori, Counsel Essi Launonen and Associate Jani-Pekka Jussila. Partner Heidi Kivenjuuri, primarily assisted by Associate Hanna Kim, Associate Riina Toivonen and Associate Trainee Risto Mynttinen, advised on financing matters.
