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Aquila Renewables fund to buy Finnish wind farm

Globovision
Aquila Renewables fund to buy Finnish wind farm

LONDON: Aquila European Renewables Income Fund plans to acquire a Finnish wind farm and its planned extension, it said on Tuesday. The fund has agreed to buy Aalto Wind 2 Ltd Oy, which holds the li Olhava wind farm and its extension, around 50 km north of the city of Oulu. The final transaction will amount to around 15.5% of the 154 million euros ($173 million) in proceeds raised from Aquila’s initial public offering in May, the fund said. The wind parks qualifies for the Finnish feed-in tariff support scheme.