Herbert Smith Freehills Kramer advises OX2 on its investment in three onshore wind farms in Finland

Leading global law firm Herbert Smith Freehills Kramer has advised OX2 on its investment in three onshore wind farms – Kannisto, located in Central Ostrobothnia and Korkeamaa and Salo-Ylikoski, located in Southern Ostrobothnia, Finland – with a total capacity of 277 MW.

The Kannisto wind farm will comprise 20 Vestas 6.2 MW turbines and have a total capacity of 124 MW. It is estimated to be operating in 2028. The Korkeamaa wind farm will comprise of 17 Vestas turbines (6.2 MW and 6.4 MW) and have a total capacity of 108 MW. It is expected to be in operation by 2027. The Salo-Ylikoski wind farm will comprise 7 Vestas 6.4 MW turbines and a total capacity of 45 MW. It is expected to be operating in 2027. The three wind farms will together produce around 860 GWh annually.

All three wind farms have long-term power purchase agreements with multinational corporate offtakers. Construction will start immediately and once completed the projects will remain in OX2’s ownership.

The Herbert Smith Freehills Kramer team was led by partner Helen Beatty, supported by partners Nick May, Silke Goldberg and Charlotte Whight, of counsel Chris Davis, senior associate Abraham Whitworth, and associates Max Howard, Sarah-Anne Butler, Konstantin Korennoy and Zoe Asher.

Partner Helen Beatty commented: “Onshore wind is a cornerstone of the energy transition – delivering scalable, cost-effective renewable power. We are proud to have advised OX2 on another landmark investment, reflecting our proven track record advising on transformative renewable energy projects.“

Earlier this year the firm advised OX2 on its investment in two wind farms with a total capacity of 472 MW.