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Societe Generale has completed project financing of the 88MW Puskakorpi onshore wind farm in western Finland’s Northern Ostrobothnia region. Initially developed by GE Renewable Energy in partnership with Finnish developers Smart Windpower and Mincovest, Puskakorpi was subsequently acquired shortly before financial close by Foresight Energy Infrastructure Partners, a Luxembourg special limited partnership for which Foresight Group LLP acts as portfolio manager. This is Foresight’s first onshore wind investment in Finland as well as its first partnership with GE in the sector. GE is also supplying 16 Cypress wind turbines to Puskakorpi and has entered into a 30-year full-service agreement for the project, which will generate enough renewable energy to power the equivalent of 55,000 households in Finland. ....
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GE Renewable Energy secures another win for its Cypress platform in the Nordics, and will supply 16 of its 5.5 MW-158 Cypress turbines to the Puskakorpi wind farm Foresight Energy Infrastructure Partners acquires the project from co-development partners Smart Windpower, Mincovest and GE Renewable Energy Societe Generale selected by GE Energy Financial Services to provide long-term project finance debt Corporate Power Purchase Agreement secured with a global technology provider as offtaker Paris, FRAN ....