YIT has sold the project rights for the Murtomäki wind farm to Ålandsbanken Wind Power Fund.
At the same time, the parties agree on the contracting and construction services concerning the Murtomäki wind farm infrastructure, which YIT will provide for the buyer. The Murtomäki wind farm is located in the town of Pyhäjärvi in Northern Ostrobothnia, Finland.
The project consists of 15 wind power plants and their production capacity corresponds to a total power of approximately 90 MW. The project is sold with all required permits.
The parties have agreed that the purchase price will not be published.
“This project strongly supports our climate goals, since the Murtomäki wind farm produces an amount of renewable domestic electricity that is equal to the consumption of approximately 15,000 single-family houses annually. During the construction and production period, the project also has a significant positive economic impact on the town of Pyhäjärvi. This project is a continuation of our long-term cooperation with Ålandsbanken.”Harri Kailasalo, EVP, infrastructure projects, YIT.
Ålandsbanken Wind Power Fund is a special fund which invests mainly in Nordic wind farms that have all the permits, are ready to be constructed or already running in accordance with its strategy.
“Ålandsbanken funds and YIT have a long and successful shared history. It is great that we can expand our close cooperation to concern also wind power. The Murtomäki wind farm is the first investment of the Wind Power Fund and it suits our strategy perfectly. This is a good starting point for the further development of the fund.”Investment director Juha Känkänen and head of Real Estate Investment Funds Antti Valkama from Ålandsbanken Funds.