Energiequelle GmbH constructs a total of seven turbines and sells the wind farm to Commerz Real’s KlimaVest fund
Kalajoki, 18 April 2023. The Finnish subsidiary of Energiequelle GmbH has completed the Torvenkylä wind farm in Kalajoki. The seven N163 turbines, each with a hub height of 126 metres and a total rated output of 39.9 MW, are expected to supply clean energy to the Finnish power grid in the future. Like the other Energiequelle projects in Finland that have already been implemented, the Torvenkylä wind farm’s revenues are generated on the electricity market without state subsidies.
Energiequelle has sold the Torvenkylä wind farm to the KlimaVest Impact Fund. Through this fund, individual investors can also invest in renewable energies and projects that have been proven to contribute to reducing CO₂ emissions, for example. Commerz Real, a subsidiary of Commerzbank, advised KlimaVest on the investment and managed the wind farm’s acquisition process.
Another milestone for Energiequelle’s subsidiary in Finland
The town of Kalajoki is already a pioneer in the wind energy sector and is characterised by a large number of wind farms. The completed Torvenkylä wind farm is an important milestone for Energiequelle. “With the Torvenkylä wind farm, our company is now generating a total of more than 100 megawatts of renewable energy in Finland,” says Nils Borstelmann, Managing Director of Energiequelle in Finland.
Energiequelle is planning wind energy projects throughout Finland with a total output of more than 2,500 MW and is developing its first solar projects there.