Bagnall Energy Limited, the renewable energy and infrastructure arm of Downing Estate Planning Service, entered into an agreement earlier this year to acquire the wind farm and confirmed that the acquisition has now completed, the firm said in a statement.

The acquisition, which is Downing’s first investment in Finland and Bagnall’s first wind investment in Finland, complements its hydropower assets in the region. 

The Konttisuo wind farm, which is located near Soini in the region of Southern Ostrobothnia, will produce enough electricity to power the equivalent of about 37,000 UK homes a year, the firm said. 

It has been built by Energiequelle, a European developer which will also provide long-term technical and commercial management services. Turbines for the wind farm were supplied by Nordex which is contracted to provide long-term maintenance services to the project for 25 years.

Welcoming the move, Tom Williams, head of energy and infrastructure at Downing, said: “The onshore wind sector in Finland is expanding rapidly and we are delighted to be able to contribute to Finland’s decarbonisation and energy security goals through this transaction.”

“Energiequelle have an excellent track record of development and management of wind projects across Europe,” he added.

“As a certified B Corp, we are committed to responsible investing and delivering on the strategy. We look forward to adding further attractive projects to our portfolio in due course.”

Nils Borstelmann, country manager, Energiequelle Finland, added: “For both of us, decentralised and renewable energy production is at the core of our operational goals.”

“We look forward to celebrating the opening of the wind farm at the end of October,” he said

Downing’s energy and infrastructure team has completed around 175 core renewable transactions over the past 12 years and invested more than £700 million in core renewable energy since inception.

The sustainable investment manager, established in London, currently manages £1.8 billion of assets under a range of investment mandates across funds, investment trusts and tax-efficient products.