London-based investor buys two Finnish wind farms

An investment fund run by a London-based investor group has agreed to buy two wind farms in northern Finland. Impax Asset Management will purchase the pre-construction stage projects – with a total capacity of 75MW – from their co-developers, Finnish utility Fortum and state-owned land administrator Metsahallitus. The Kuolavaara-Keulakkopää project will consist of 17 turbines […]

Gamesa to sell 183MW of wind projects to Impax

Gamesa has agreed to sell 183MW of wind projects under development in Germany to investment management firm Impax. The Spanish wind turbine manufacturer will develop the projects using its 2MW and 1.4MW turbines from next year to 2015. The sale is part of Gamesa’s new strategy to keep its capital requirements down by inviting financial […]