Encavis Asset Management has completed the acquisition of a portfolio of Finish wind farms on behalf of two of its Luxembourg special funds. Both funds are administered by the Service-KVG HANSAINVEST LUX.
The portfolio of wind farms with a nominal capacity of 36,2 MW is distributed throughout the regions of Lapland, Osterbotten and Nordosterbotten. With wind speeds of up to 7.8 m/s, the four locations have first-class structure conditions for high plant profitability. In addition, because of its stable country ranking and very clear frameworks, Finland is an important market for onshore wind investment. The entire plant has been connected to the grid for three to five years and profits from feed-in tariffs.
“The acquisition of this attractive Finish wind portfolio for our institutional funds underlines our excellence as investment advisor within the European market for renewable energies. The acquired plant ideally meets the needs of our fund investors for stable cash flows and meteorological diversification in the portfolios.”Karsten Mieth, speaker of the board of Encavis Asset Management AG.