Conquest, through its Conquest Infrastructure SLP – Sustainable 2 fund, has acquired a 182MW onshore wind portfolio in Finland from BHM Renewables. Developed by Winda Energy, this acquisition marks Conquest’s entry into the Finnish market and establishes a broader partnership aimed at future expansions.
The deal includes two wind farms with a combined capacity of 182MW and paves the way for additional projects totaling 500MW. This expansion is part of Conquest’s commitment to invest in the energy transition infrastructure across Europe, with a focus on maintaining a diversified investment portfolio.
The transaction signifies a phased investment of approximately €1 billion, expected to be deployed incrementally from 2024 to 2028. This investment underscores Conquest’s strategy to tap into one of Europe’s most stable economies with a fully green investment approach.
The development of the first two wind projects is well underway, with the initial 182MW slated to be construction-ready by the end of 2024. The subsequent projects are expected to follow suit by the end of 2025. Winda Energy Oy is set to oversee the completion of the development and manage the construction, with commercial operations anticipated to commence between 2026 and 2028.
Frederic Palanque, Founder and Managing Director of Conquest said: “Conquest is thrilled to enter, in partnership with Winda Energy, in sustainable real assets in a market recognized for its robust renewable energy fundamentals and its ambitious net zero roadmap.”
“We are happy to cooperate with Conquest, a dynamic and reliable partner on our growth journey. The transaction secures the completion of some of our flagship projects over the next years, enabling us to extend our contribution to Finland’s green energy transition.”, says Tuomas Hooli, CEO of Winda Energy.
Michal Prause, Associate Partner at BHM Renewables, said: “We are extremely pleased with the outcome of the transaction, reflecting the deep development skills, which our affiliate Winda has been demonstrating on the Finnish renewable power market over the years. We are looking forward to the strategic partnership with the highly professional asset management and investment teams of Conquest.”
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