Skip to content
  • Home
  • World News
  • Business
  • Aviation
195 news

195News

All the news that's fit to print

  • Home
  • World News
  • Business
  • Aviation
  • Toggle search form
  • National Collegiate Rugby Files Lawsuit Against USA Rugby
    National Collegiate Rugby Files Lawsuit Against USA Rugby World News
  • War Day 79: war diaries w/ Advisor to Ukraine President, Intel Officer @Alexey Arestovych & #Фейгин
    War Day 79: war diaries w/ Advisor to Ukraine President, Intel Officer @Alexey Arestovych & #Фейгин World News
  • Justin Sun Confirms Tron’s Support for Liberland’s Blockchain Development ahead of the Republic’s 10th Anniversary
    Justin Sun Confirms Tron’s Support for Liberland’s Blockchain Development ahead of the Republic’s 10th Anniversary Business
  • War Day 103: war diaries w/ Advisor to Ukraine President, Intel Officer @Alexey Arestovych & #Feygin
    War Day 103: war diaries w/ Advisor to Ukraine President, Intel Officer @Alexey Arestovych & #Feygin World News
  • EW Healthcare Partners Acquires Germfree Laboratories, Inc.
    EW Healthcare Partners Acquires Germfree Laboratories, Inc. Business
  • “DEAD” A Book By Best Selling Author JT Wulf Releases Audio Narration Of The Opening Dying Scene
    “DEAD” A Book By Best Selling Author JT Wulf Releases Audio Narration Of The Opening Dying Scene World News
  • Automotive Slipper Clutch Market | Growth, Analysis, Opportunities and Forecast To 2032
    Automotive Slipper Clutch Market | Growth, Analysis, Opportunities and Forecast To 2032 Business
  • STEM Scholars compete for more than 0,000 in Scholarships and Awards During State Science Day Celebration 2024
    STEM Scholars compete for more than $500,000 in Scholarships and Awards During State Science Day Celebration 2024 World News
KfW IPEX-Bank finances innovative Finnish onshore wind farm “Pahkakoski“

KfW IPEX-Bank finances innovative Finnish onshore wind farm “Pahkakoski“

Posted on March 3, 2024 By NewsEditor

KfW IPEX-Bank finances innovative Finnish onshore wind farm “Pahkakoski“

Picture by Ilmatar

KfW IPEX-Bank finances energy transition in the Nordics

Pahkakoski wind farm is a great addition to our onshore portfolio in the Nordics.”

— Dr Velibor Marjanovic, Member of the Management Board of KfW IPEX-Bank

FRANKFURT A.M., GERMANY, February 21, 2024 /EINPresswire.com/ — KfW IPEX-Bank has signed and closed a financing for Pahkakosken Energia Oy, a special purpose company owned by Nordic renewable energy company Ilmatar, to build a large onshore wind farm (“Pahkakoski”) in North Ostrobothnia, Finland. Besides KfW IPEX-Bank, Nordic Investment Bank, BNP Paribas and Siemens Financial Services through Siemens Bank are part of the banking club for Pahkakoski’s long-term project financing. KfW IPEX-Bank acts as Facility Agent and provides the largest share of the term loan and ancillary facilities.

Pahkakoski wind farm will consist of 30 Vestas turbines and is expected to generate wind energy at a nominal capacity of 186 megawatts (MW) once completed. Offtake is partially contracted by a corporate PPA. The wind farm is scheduled to be operational by no later than 2026.

Ilmatar employs the TCI (Transport, Crane, and Installation) contracting model to optimize project progress. This model, commonly used in the United States, divides the traditional full-scope OEM (Original Equipment Manufacturer) delivery and installation between the wind turbine manufacturer and the TCI contractor. Pahkakoski wind farm will be one of the first large-scale projects built in Europe using the TCI contracting model.

Once completed, Pahkakoski wind farm will produce approximately 600 gigawatt-hours (GWh) of clean and emissions-free electricity annually, equivalent to the electricity consumption of around 240,000 apartment buildings or 30,000 electrically heated detached houses.

“Pahkakoski wind farm is a great addition to our onshore portfolio in the Nordics” says Dr Velibor Marjanovic, Member of the Management Board of KfW IPEX-Bank. “We are happy to have won Ilmatar as a new customer and gladly support its innovative TCI contracting model.”

KfW IPEX-Bank’s onshore portfolio in Scandinavia, including the Pahkakoski wind farm, currently amounts to more than 2 GW (cumulative; installed capacity).

About KfW IPEX-Bank

Within KfW Group, KfW IPEX-Bank is responsible for project and export finance. It supports German and European companies operating in key industrial sectors in global markets by structuring medium and long-term financing for their exports, funding infrastructure investments, securing supply of raw materials and by financing environmental and climate change mitigation projects worldwide.

As a bank that stands for transformation, it finances technologies of the future to support the transition towards sustainable society in all three dimensions of the economy, environment and social.

As specialist bank, KfW IPEX-Bank has extensive industry, structuring and country expertise, it takes on leading roles in financing consortia and actively involves other banks, institutional investors and insurance firms. KfW IPEX-Bank operates as a legally independent group subsidiary and is represented in the most important economic and financial centres across the globe.

Antje Schlagenhaufer
KfW IPEX-Bank
[email protected]

You just read:

News Provided By

February 21, 2024, 12:44 GMT


EIN Presswire’s priority is source transparency. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content.
As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome. EIN Presswire, Everyone’s Internet News Presswire™,
tries to define some of the boundaries that are reasonable in today’s world. Please see our
Editorial Guidelines
for more information.

Article originally published on www.einpresswire.com as KfW IPEX-Bank finances innovative Finnish onshore wind farm “Pahkakoski“

World News

Post navigation

Previous Post: Kingsview Wealth Management Named to PSN Top Guns List of Best Performing Strategies for 4Q 2023
Next Post: Day 459: war diaries w/Former Advisor to Ukraine President, Intel Officer @arestovych & #Feygin

Related Posts

  • War Day 112:  war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin
    War Day 112: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
  • War Day 82: war diaries w/ Advisor to Ukraine President, Intel Officer @Alexey Arestovych & #Фейгин
    War Day 82: war diaries w/ Advisor to Ukraine President, Intel Officer @Alexey Arestovych & #Фейгин World News
  • Tech and Social Impact Leaders Converge at Goodera’s AI for Impact Summit
    Tech and Social Impact Leaders Converge at Goodera’s AI for Impact Summit World News
  • ByePage Launches Kickstarter Campaign for Digital Farewell Platform
    ByePage Launches Kickstarter Campaign for Digital Farewell Platform World News
  • War Day 97: war diaries w/ Advisor to Ukraine President, Intel Officer @Alexey Arestovych & #Фейгин
    War Day 97: war diaries w/ Advisor to Ukraine President, Intel Officer @Alexey Arestovych & #Фейгин World News
  • Secretary Antony J. Blinken And NATO Secretary General Jens Stoltenberg At a Joint Press Availability
    Secretary Antony J. Blinken And NATO Secretary General Jens Stoltenberg At a Joint Press Availability World News
June 2025
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30  
« May    
last celebrity gossip
Gossip Stone - celebrity life and gossip

Recent Posts

  • International Coalition Delivers Capacity, Integration, and Hardware for Payloads on Transporter-14 Mission with SpaceXJune 24, 2025
  • Market Share, Segments, and Emerging TrendsJune 23, 2025
  • IMPORTANT NOTICE TO ARMADA WASTE MANAGEMENT/GPB WASTE MANAGEMENT INVESTORS WHO SUFFERED LOSSESJune 23, 2025
  • R2 Recycling Expands E-Waste Pickup Services for Businesses & SchoolsJune 23, 2025
  • IMPORTANT NOTICE TO GPB NYC DEVELOPMENT INVESTORS WHO SUFFERED LOSSESJune 22, 2025
Brand Values Content
VUGA Enterprises - media network PR & Marketing
  • Parrot Bay Pools & Spas Open New Pool Design Showroom in Benson, North Carolina
    Parrot Bay Pools & Spas Open New Pool Design Showroom in Benson, North Carolina Business
  • New Report Details Recommendations for Measuring the Sustainability Impact of Shared Micromobility
    New Report Details Recommendations for Measuring the Sustainability Impact of Shared Micromobility Business
  • One-Year Anniversary of the Terrorist Attack on the UAE
    One-Year Anniversary of the Terrorist Attack on the UAE World News
  • Chill Medicated Partners With Michigan and Massachusetts Dispensaries to Raise Proceeds for Veterans
    Chill Medicated Partners With Michigan and Massachusetts Dispensaries to Raise Proceeds for Veterans Business
  • “We can repeat” – a popular slogan in Russia.
    “We can repeat” – a popular slogan in Russia. World News
  • Joint Statement on the Strategic Dialogue Between the United States and Poland
    Joint Statement on the Strategic Dialogue Between the United States and Poland World News
  • ‘We’re in This Love Together’ Drops July 1
    ‘We’re in This Love Together’ Drops July 1 World News
  • New Novel ‘Shining Star’ by Marcy Gaston Explores Unexpected Love in the Limelight
    New Novel ‘Shining Star’ by Marcy Gaston Explores Unexpected Love in the Limelight World News
aerospace company
stem cell clinic in kiev
medical spa in miami
Fashion TV free

Copyright © 2023 195 News. All Rights Reserved by Coolaser | Partner of VUGA Enterprises |  Advertising: Get Published

Powered by .