Swedish wind farm developer buys Finnish firm

The acquisition cost EUR 25m.

BY MARKETWIRE

Swedish wind farm developer Eolus Vind has signed an agreement to acquire Finnish YIT Energy for EUR 25m, a YIT announcement reveals.

The acquisition includes YIT’s wind and solar energy project portfolio and related personnel.

YIT announced in June that it would conduct a strategic reassessment of the opportunities for its renewable energy business, resulting in the agreement to sell to Eolus Vind.

In addition to the fixed price of EUR 25m, a variable price has been agreed based on project sales and completed projects. This could run up to EUR 75m and will be decided by the end of 2032.

Translated by DeepL with additional editing by Catherine Brett

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