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;