ABO Energy sells 4.4GW projects in Finland to Fortum

ABO Energy has completed the merchantability of a 4.4GW upwind vigor portfolio, to Finnish vigor institution Fortum.

The transaction covers 29 upwind powerfulness projects crossed Finland, with a currency and debt-free acquisition terms of €40m ($46.3m).

The archetypal acquisition terms has already been made and 5 ABO Energy employees volition determination to Fortum.

The statement was disclosed successful July 2025 done an advertisement hoc announcement aft the declaration was signed.

Beyond the archetypal acquisition price, the transaction includes earn-out payments to beryllium made successful mid 2020s, contingent connected the projects reaching a last concern decision.

ABO Energy anticipates that these volition effect successful a “mid-range double-digit cardinal euro” sum.

ABO Energy Finland concern and income caput Karolin Pampel stated: “Our well-developed projects person recovered a beardown caller location with Fortum.

“This transaction marks a important milestone for ABO Energy – the largest portfolio merchantability successful our company’s past successful presumption of megawatts.”

ABO Energy has operated successful Finland since 2013, processing 15 upwind farms to the ready-to-build signifier and constructing 11 of these projects.

The steadfast is besides advancing vigor retention and greenish hydrogen initiatives successful the country.

ABO Energy KGaA managing manager Karsten Schlageter stated: “Finland remains a person successful the vigor modulation and an absorbing marketplace for ABO Energy, and we are committed to continuing our operations there.”

The institution announced its archetypal hydrogen projects successful aboriginal 2025 successful Nivala and Oulu, Northern Ostrobothnia, and launched its inaugural artillery retention task successful the autumn.

In September, ABO Energy entered a task improvement collaboration with the Ålandsbanken Wind Power Fund Non-UCITS successful which ABO volition oversee the improvement of 4 fund-owned upwind projects.

"ABO Energy sells 4.4GW projects successful Finland to Fortum" was primitively created and published by Power Technology, a GlobalData owned brand.

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