European Energy sells its first wind farms in Finland

The European Energy Group has closed the sale of three wind parks in Finland with a total capacity of 17.25 MW. The wind parks were acquired by a Luxemburg based investment fund managed by re:cap global investors, an asset manager for renewable energy investments based in Switzerland.

The sale will contribute positively to European Energy’s financial position.

CEO Knud Erik Andersen says: “We are very satisfied that we have managed to successfully sell our first projects in Finland. The Nordic countries are important to us and we hope to expand our pipeline here.

Furthermore, Knud Erik Andersen expresses great gratitude for the collaboration with re:cap. “We are very pleased that an important, international investor as re:cap shows us this trust and thereby recognizes our capabilities as a renewable energy developer.

The European Energy Group owns 100% of the wind farms sold. The wind farms consist of five Vestas V126 3.45 MW turbines in total.

For further information, please contact chairman of the board, Jens-Peter Zink E: jpz@europeanenergy.dk, T: +45 20478220

EES IT Admin