Kommunalkredit Austria’s Financing For Renewable Power Capital Wind Farm Portfolio in Finland Close

DLA Piper has advised Kommunalkredit Austria AG on the deal.

Kommunalkredit Austria AG acted as lender to Renewable Power Capital (RPC) in the financing of a portfolio of three on-shore wind farms with a total capacity of 154 MW in Finland, known as Merkkikallio, Puutikankangas and Rustari.

The projects will comprise 28 turbines in total, supplied by GE Energy (Finland) Oy, and mark a key milestone in the future of project financing for on-shore wind as a large-scale, fully merchant financing.

Renewable Power Capital is a pan-European renewable energy investment platform established in 2020, backed by CPP Investments.

The DLA Piper team was led by partners Natasha Luther-Jones (Picture) and Fredrik Lindblom in London, and partner Antti Niemi in Finland. Other team members included: of counsel Bruce Chen (Finance and Projects, London); senior associate Rob Cockburn (Finance and Projects, Leeds); senior associate Jennifer Keogh (Finance and Projects, Leeds); associate Charlotte Eliades (Finance and Projects, London); senior associate Vilma Nuutinen (Finance and Projects, Helsinki); and associate Tiia Mäki (Finance and Projects, Helsinki).

Involved fees earner: Bruce Chen – DLA Piper; Robert Cockburn – DLA Piper; Charlotte Eliades – DLA Piper; Jennifer Keogh – DLA Piper; Fredrik Lindblom – DLA Piper; Natasha Luther-Jones – DLA Piper; Tiia Mäki – DLA Piper; Antti Niemi – DLA Piper; Vilma Nuutinen – DLA Piper;

Law Firms: DLA Piper;

Clients: Kommunalkredit;

Author: Federica Tiefenthaler