Exilion’s Acquisition of St1’s Wind Power Business


Hannes Snellman advised Exilion Tuuli in the transaction.

Exilion Tuuli has agreed to acquire the wind power production and development business of St1.

The transaction, subject to conditions for completion, comprises a portfolio of 315 MW wind power assets in production, development assets of 475 MW, and an energy (battery) storage.

With this purchase, Exilion Tuuli becomes the largest domestic producer of wind power.

The company is one of the few Finnish investment companies investing in renewable energy and wind power. Exilion is particularly well known for its real estate investments. Among other things, the company manages a new hotel that is being built at the Helsinki Central Station and the Shopping Centre Hansa in the centre of Turku.

Exilion Tuuli is owned by Finnish pension providers Elo Mutual Pension Insurance Co., Veritas Pension Insurance, the State Pension Fund of Finland and Åbo Akademi Stiftelse.

Hannes Snellman team included Tapio Teräkivi (Picture), Maria Landtman, Markus Bremer, Katja Heikkinen, Noora Britschgi, Janne Veneranta, Samuli Pirinen, Helena Lamminen, Panu Vikberg, Ella Rinne, Carolina Lefort Ahokanto and Milla Männistö.

Involved fees earner: Markus Bremer – Hannes Snellman; Noora Britschgi – Hannes Snellman; Katja Heikkinen – Hannes Snellman; Helena Lamminen – Hannes Snellman; Maria Landtman – Hannes Snellman; Carolina Lefort Ahokanto – Hannes Snellman; Milla Männistö – Hannes Snellman; Samuli Pirinen – Hannes Snellman; Ella Rinne – Hannes Snellman; Tapio Teräkivi – Hannes Snellman; Janne Veneranta – Hannes Snellman; Panu Vikberg – Hannes Snellman;

Law Firms: Hannes Snellman;

Clients: Exilion Tuuli;