Investment company Aquila Capital has expanded its portfolio in the Nordic region with the acquisition of its first project in Finland, a 14.4 MW wind farm.

Windpark Ykspihlaja is on the coast near Kokkola and comprises four Nordex N131/3600 turbines.

It’s the third project that Aquila Capital has acquired on a turnkey basis with OX2, one of the largest wind developers in Scandinavia.

As seller and general contractor, OX2 is responsible for completing the park by the beginning of 2018 and the ongoing technical onsite management.

Susanne Wermter, head of special infrastructure investments at Aquila Capital, said the acquisition “represents the realization of another project from our Scandinavian pipeline and our first in the popular Finnish wind market”.

She added that the Ykspihlaja wind farm is “one of the last projects to benefit from the expiring Finnish green energy support scheme, from which it will receive a state-guaranteed, fixed-market premium on the electricity price in the first 12 years of operation”.

The acquisition increases Aquila Capital’s track record in the ​​wind sector to about 1000 MW. In the Nordic region, Aquila has implemented renewable energy projects with a total installed capacity of more than 800 MW since 2011.