Hana Financial Investment Co. and Korea Investment & Securities Co. acquired three wind farms in Finland at around 190 billion won ($163.1 million).
According to sources from the investment banking industry on Monday, a consortium led by the two companies signed a contract to buy three wind power plants from Finnish wind and solar energy developer Taaleri Energia at the end of December last year. NH Amundi Asset Management and IBK Asset Management also participated in the consortium.
The wind power complex located in the northern part of Oulu has a combined capacity of 73.2 MW, enough to supply power to 28,000 households in the city. Taaleri is responsible for plant operations and maintenance.
The investment will deliver stable returns thanks to the Finnish government’s subsidies for renewable energy projects, according to an official from Hana Financial. The government pledged last year to achieve zero net carbon emissions by 2035.
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