GE announced today that it will supply 16 of its 5.5 MW-158 Cypress turbines, its largest onshore wind turbine in the field, for the 88 MW Puskakorpi wind farm (the “Project”) in Finland along with a 30-year Full Services Agreement (FSA).
The Project was co-developed by Smart Windpower Oy, Mincovest Oy and GE Renewable Energy and acquired by Foresight Energy Infrastructure Partners (“FEIP”), a Luxembourg Special Limited Partnership for which Foresight Group LLP acts as Portfolio Manager. The Project is Foresight’s first onshore wind investment in Finland and first partnership with GE’s onshore wind technology.
The raising of the long-term project finance debt and the process of sourcing an investor to acquire the Project was supported by GE Energy Financial Services (“GE EFS”). Societe Generale, a leading bank in the field of renewables financing, is the sole lender. Reaching financial close with committed equity and debt grants the Project notice to proceed (NTP) to commence construction.
You can now read the full press release at the link below