Borenius advised Enefit Green on the divestment of Tolpanvaara Wind Farm to TD Greystone Infrastructure Fund and Rabbalshede Kraft AB

Borenius represented Enefit Green in the divestment of the Tolpanvaara Wind Farm to TD Greystone Infrastructure Fund and Rabbalshede Kraft AB. The transaction, valued at approximately EUR 83 million, transfers ownership of the Tolpanvaara onshore wind project. The sale enables Enefit Green, a renewable energy company indirectly owned by the Republic of Estonia, to concentrate on its core markets in the Baltic states and Poland, where it maintains a large production portfolio and a solid customer base. Tolpanvaara has an installed capacity of 76 MW and a grid export capacity of 72 MW. Located approximately 30 kilometres from Pudasjärvi on state-owned land managed by Metsähallitus, the project comprises 13 modern Nordex turbines and is capable of generating nearly 250 GWh of renewable electricity annually. Enefit Green made the final investment decision in December 2021 and the wind farm was completed in spring 2024. The buyer, TD Greystone Infrastructure Fund, forms part of TD Asset Management, the asset management arm of a major Canadian financial institution. Rabbalshede Kraft AB, a Swedish renewable energy company, will manage Tolpanvaara on behalf of TD Greystone Infrastructure Fund. Borenius represented Enefit Green with a team composed of: Joel Kättö, Partner, Helsinki; Emma Siitonen, Senior Associate, Helsinki; Iida Mäkimattila, Senior Associate, Helsinki; Aleksi Nikkanen, Associate, Helsinki and New York; Ira Wallén, Associate, Helsinki; Marina Wels, Associate, Helsinki; Tuomas Enkkilä, Associate, Helsinki; Jonna Yli-Äyhö, Counsel, Helsinki.

Borenius advised Enefit Green on the divestment of Tolpanvaara Wind Farm to TD Greystone Infrastructure Fund and Rabbalshede Kraft AB

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