Impax Asset Management is in discussions to buy a portfolio of onshore wind farms in Finland as it looks to bolster its portfolio over the next six months.
The firm, which oversees $3.5bn, wants to tap into the local feed-in tariffs put in place by the government as it aims for wind to meet six per cent of its total power demand by 2020, Bloomberg reports.
In May, it was reported that Impax was also considering making a number of investments in listed solar companies across the US, China and Europe.
Finland is far behind its European colleagues in terms of installed wind capacity.
At the end of last year, it had 288MW of operational capacity compared with Germany’s 31,308MW, European Wind Energy Association figures show.
Ian Simm, CEO of Impax, told the newswire that there was a lack of institutional investors currently targeting the country and he saw it as a “first mover opportunity”.
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