White & Case Advises Neoen and Prokon on Finnish Onshore Wind Farm
Global law firm White & Case LLP has advised Hedet vindpark AB, a company owned by Neoen and Prokon, on the project financing of the 81MW, 18 turbine Hedet onshore wind farm in Finland.
The senior debt for the financing is provided by KfW IPEX-Bank and SEB. The wind farm will be located across the municipality of Närpes in western Finland. Google signed a ten-year power purchase agreement in July 2018 for all the electricity produced by Hedet.
Headquartered in Paris, Neoen is one of the world's leading independent producers of renewable energy. The Hedet onshore wind farm is the company’s first project in Finland.
Prokon, headquartered in Germany, has been involved with the development, construction and maintenance of wind farms since 1995. Present in Finland since 2012 through its local project development office, it currently has a project pipeline in Finland of a further 5MW of capacity.
The White & Case team in London that advised on the transaction comprised partners Kirsti Massie and Carina Radford and associates Paddy Mohen, Ahyoung Koo and Samantha Sutton.
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