Locus Energy has acquired the Vatajankoski hydropower plant in Kankaanpää municipality, Finland. The seller is the municipal energy company Vatajankoski Oy. It is Locus Energy’s first acquisition of Finnish hydropower and the second transaction of sustainable assets in Finland in a short period of time. 

The current plant dates from 1952 and Locus Energy is planning for a major upgrade with modern technology that optimally utilizes the capabilities at the site.

”The acquisition of the Kankaanpää hydropower plant is in line with our fundamental strategy for value creation: to identify sustainable assets with significant upgrade potential and thereby contribute to strengthening the local energy system”.  says Niklas Sörensen, CEO of Locus Energy.

”We are pleased to have found a new owner who, with expertise and long-term Nordic capital, takes responsibility for modernizing the plant and realizing its full potential,” says Pekka Passi, CEO of Vatajankoski Oy.