Etha Wind provided Due Diligence services to Ilmatar to facilitate debt financing arrangements.

In June 2022, Etha Wind performed Due Diligence services for Ilmatar to facilitate the arrangement of debt financing from a major European debt investor totaling in €144.5 million.

Etha Wind reviewed a portfolio consisting of 27 projects with a total capacity of approx. 3500 MW.
The scope included:

  • Project specific reviews, focusing on land access, permit status, grid connection and wind resources, as well as ESG, project timetable and success rate evaluations
  • Review of financial model assumptions

The project was managed by Caroline Kullbäck and included a team of seven persons.

Ilmatar Energy Oy is a Finnish energy company that develops, builds, owns and operates wind and solar farms.

Read more on Ilmatar’s website