K2 Management (K2M) has been appointed by German bank and renewables investor NORD/LB to act as Lenders Technical Adviser (LTA) for the Pajuperänkangas wind farm in Finland.
Located approximately 10km southwest of the municipality of Haapajärvi in the Northern Ostrobothnia province, the Pajuperänkangas onshore wind farm has a planned capacity of 86.8MW and it will comprise of 14 wind turbines manufactured by Vestas. The project is expected to become operational in late 2023 or early 2024. ABO Wind, the developer of the Pajuperänkangas wind farm, secured a debt package from NORD/LB to finance the construction and operation of the project, reaching financial close in September 2022, with K2M engaged as the LTA during the financing process. Currently, K2M is actively involved in construction monitoring: overseeing and inspecting the site, equipment, and processes to ensure compliance with project specifications. This will continue until the wind farm becomes operational, at which point there will be an opportunity to engage further with operations monitoring.