Locus Energy AB has acquired 100% of Mäkelänkangas hybrid wind & solar park outside Hamina Municipality in southern Finland. The portfolio consists of four operational wind turbines and 11 000 m2 of solar with a combined annual capacity of 17 GWh. The seller is Suomen Voima Oy, which is owned by a consortium of 16 Finnish municipal energy companies. 

The acquisition marks Locus Energy’s entry to the Finnish market after having previously built a portfolio of hydro and wind assets in Sweden and Norway.

In accordance with Locus Energy’s business concept, an optimization plan will be implemented including refurbishment of the assets as well as preparations for add-on investments in energy storage.

“We are happy to have accomplished our first acquisition in Finland, and the trust shown by Suomen Voima’s owners to let Locus Energy take on the responsibility for the continued development of the hybrid park in Hamina. Finland is a core market for Locus Energy where we are currently building a pipeline of both wind, hydro and CHP assets.” 

Niklas Sörensen, CEO Locus Energy

“Mäkelänkangas was one of Suomen Voima’s initial investments. We are pleased to see Locus Energy as the site’s successor, demonstrating both the willingness and capability for further development.”

Pekka Saijonmaa, CEO Suomen Voima