WPD Europe has secured financing for the 97MW Nuolivaara wind farm in northern Finland.
KfW IPEX-Financial institution is financing the development and operation of Nuolivaara and is contributing the entire debt capital in addition to the mandatory ancillary amenities.
The challenge is positioned north of the Arctic Circle close to the Finnish city of Kemijarvi.
The completion date and begin of operation are scheduled for early 2023.
A big portion of the inexperienced electrical energy shall be bought by two unnamed Finnish corporations by way of baseload offtake agreements, whereas the remaining quantity shall be bought immediately on the spot market.
The challenge will characteristic 17 Nordex Delta4000-series N163/5.7 generators.
The machines are cold-climate variations and outfitted with an anti-icing system, making fixed operation and excessive yearly vitality yields potential regardless of the difficult weather conditions.
Nordex is accountable for each the provision and the upkeep of the generators.
Nuolivaara is WPD’s fourth joint challenge with Nordex in Finland.
Nuolivaara is KfW IPEX-Financial institution’s third transaction for its long-standing core buyer WPD Europe within the Nordics and the fourteenth Scandinavian wind farm financed within the final 12 years.
WPD Finland has a pipeline of 1GW within the nation.