Lundin Petroleum acquisition of Metsälamminkangas wind farm

20/3/2020
Asset acquisition

Completed

20/3/2020


Overview:

  • Lundin Petroleum, a Nasdaq Stockholm-listed oil and gas production company, acquired Metsälamminkangas wind farm in Finland from wind power developer OX2 at the end of January 2020. 
  • On 20 March, Lundin Petroleum farmed down half of the project to third party Sval Energi, a HitecVision portfolio company. 
  • The project, once operational in 2022, will produce around 400 GWh a year from 24 onshore wind turbines.

Natasha Forrest - Researcher

Jurisdiction:

Finland

Deal type:

Asset acquisition

Practice area:

M&A

Industry sector:

Energy


Firm:

Party: OX2 (Seller)