23 02 2016

Finnish onshore wind park “Silovuori“ secures €30.2 Million long-term Financing

Watson Farley Williams has advised HSH Nordbank AG on the financing of the Finnish onshore wind park “Silovuori“.


HSH Nordbank provided a long-term financing of €30.2m to developer ABO Wind AG (“ABO Wind”) for ”Silovuori”, which is located 100 km to the south of the town of Oulu. The “Silovuori” wind park is being built by ABO Wind for commissioning in December 2016, with eight Vestas V126 wind energy turbines having a hub height of 137 metres and a total capacity of 26.4 MW. Following the financial close of the project financing, “Silovuori” was acquired from ABO Wind by German asset managers KGAL for a renewable energy fund it manages for various institutional investors. The WFW team was led by Hamburg-based partner Thomas Hollenhorst (Picture) (Banking & Finance). He was supported by senior associate Alexander Wojtek and associate Dr. Pascal Unger (both Banking & Finance, Hamburg). For the Finnish law aspects of the transaction, WFW worked closely with its Finnish correspondent law firm Krogerus. Involved fees earner: Thomas Hollenhorst - Watson Farley & Williams; Alexander Wojtek - Watson Farley & Williams; Pascal Unger - Watson Farley & Williams;

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