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Herausgeber: WPD AG

wpd Secures Financing for 72.6 Megawatt Wind Farm in Finland

- Construction of project Tohkoja with 22 wind turbines starts today
- Completion end of 2016
- Synergy with neighbouring project
- Local construction company commissioned

Bremen - Wind farm developer and operator wpd has now secured financing for its third project in Finland. The capital required for the Tohkoja project will be provided by wpd equity as well as the Commerzbank AG and the Norddeutsche Landesbank Girozentrale. The construction of the 72.6 megawatt wind farm will start today. The installation of 22 wind turbines is scheduled to be completed until December. In an average operating year each of the turbines will clearly exceed the mark of 3,000 full load hours.

In January 2014, wpd europe GmbH has acquired the Tohkoja project from the Finnish energy utility Fortum. It is located in the municipality of Kalajoki at the west coast of Finland near the wpd wind farm Jokela.

\"This neighborhood will bring synergy to the realisation of both projects; they are connected, for example, to the same 110 kilovolt power line through a common substation\", says Esa Holttinen, Managing Director of wpd Finland Oy. Based on current information, geographically, technically and in terms of ownership, the two wind farms would form the largest wind energy production area in Finland - totalling 34 wind turbines with a capacity of 108.6 megawatt.

While the Jokela wind farm will already be completed at the end of this year, the construction of roads and turbine assembly areas in the Tohkoja project will start tomorrow. For this work, the local building company Kuljetuspolar Oy was commissioned. The foundation work for the first turbine sites is scheduled to start in this autumn. The total construction work will be steered by wpd construction Finland Oy.


About wpd AG
The wpd AG develops and operates onshore and offshore wind farms, and is actively engaged in 17 countries around the world; the head office is in Bremen. The wpd AG has already realised wind energy projects with an output of 3,000 megawatt. Through its subsidiary company established in Espoo, wpd Finland Oy, wpd is working on the implementation of more than 750 MW and has additionally developed the 480 MW offshore project Suurhiekka.
Stadtwerke München (SWM) hold a share of 33 percent of wpd europe GmbH. This joint venture covers the international onshore windpower activities of wpd in Europe (outside of Germany) and Canada.
www.wpd.de


Bremen, 26 August 2015


Publication and Reprint free of charge; please send a voucher copy to
wpd AG.


Media contacts:

Christian Schnibbe
Head of Communication
Tel.: +49 (421) 16866-10
E-mail: c.schnibbe@wpd.de


wpd AG
Stephanitorsbollwerk 3
28217 Bremen, Germany

Internet: http://www.wpd.de



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About wpd AG

wpd is a developer and operator of wind farms both onshore and offshore, acting worldwide. Over the last 20 years, wpd has installed 1,900 wind turbines with a total of 3,600 MW. Currently 1,232 MW are held as assets. A group staff of 1,500 is committed to wind energy in 18 countries. Internationally, wpd is planning projects in the scope of 6,700 MW onshore and 8,000 MW offshore.

For years, wpd has been awarded the first-class "A" rating by the Euler Hermes agency (Allianz Group). Besides the favourable status quo analysis, this external assesment of creditworthiness also illustrates the company's excellent future prospects.

wpd has played a determining role in helping to shape the wind industry since its early beginnings. The foundation for wpd was laid in 1996 in Bremen. To this day, the head office is in the Hanseatic city. The former two-man operation has developed into a solid, mid-sized company.

More Information about wpd AG