Energy(en) Archives - Castrén & Snellman

New green transition investments in Finland to receive up to EUR 150 million tax credit per project

Impressive department regularly instructed on high-profile, complex mandates. Areas of expertise include mining, wind power and oil and gas. Also covers LNG projects and mining.

Chambers Europe

Energy solutions are becoming an increasingly important part of the brand value of every company. Ethical considerations, corporate responsibility and a rapidly developing regulatory environment are driving a tectonic shift in energy thinking.

We have Finland’s leading team of lawyers bringing together extensive industry knowledge, multidisciplinary expertise, international experience and unique insight gained from pioneering projects to the most challenging PPP projects. There are no better hands your project could be in. We can also provide financing and transaction services tailored to the energy sector.

We serve Finland’s largest energy companies and project owners both domestically and internationally. We also work in the municipal energy sector and advise project developers and investors. We are the first choice in Finland for international energy companies.

Latest references

Fortum – Sale of recycling and waste business

We are acting as the lead counsel to Fortum in a cross-border transaction in which Fortum is selling its recycling and waste business. The business is sold to thematic impact investing firm Summa Equity through its portfolio company NG Group. The debt-free purchase price is approximately EUR 800 million. The transaction is subject to authority approval and customary closing conditions. Fortum’s recycling and waste business to be sold comprises municipal and industrial waste management and end-to-end plastics, metals, ash, slag and hazardous waste treatment and recycling services. These businesses are located in Finland, Sweden, Denmark and Norway and currently employ approximately 900 employees.

BHP – Alliance agreement with Kingsrose Mining Limited

We acted as the Finnish legal advisor for BHP in connection with an exploration alliance agreement entered into between BHP and Kingsrose Mining Limited under which BHP (through a wholly owned subsidiary) will provide funding for regional mineral exploration across areas of interest in Finland. As part of the arrangement announced on 22 May 2024, BHP and Kingsrose entered into two exploration alliance agreements, focusing on nickel and copper exploration in specified regions in Finland and Norway. In Finland, the alliance agreement covers Kingsrose’s four exploration reservations at the Central Finland project in the Kotalahti Nickel Belt, a 400 kilometre long greenstone belt which hosts the past producing Hitura, Kotalahti and Enonkoski nickel mines. The alliances follow from Kingsrose’s successful participation in the BHP Xplor program, a global accelerator program targeting innovative, early-stage mineral exploration companies to find the critical resources necessary to drive the energy transition. BHP is the largest mining company in the world by market capitalisation, producing essential commodities through its assets, including iron ore, metallurgical coal, copper and nickel, and moving into potash.

WasaGroup – Planning of production and technology campus in Mustasaari

We advised WasaGroup Ltd in a green transition project where WasaGroup will plan Hitachi Energy’s new production and technology campus in Mustasaari. WasaGroup will be responsible for planning, permitting, managing and conducting the entire project as well as for the tender processes. We advised WasaGroup in drafting and commenting the project management and financing agreements for the project. The Mustasaari campus will be approximately 30,000 square meters in size. The investment by Hitachi Energy will double the capacity for transformer production in Finland, and the product range will expand to include even larger transformers. The objective of the investment is to meet the demand for transformers and other modern technology that is increasing in Finland and internationally due to the green energy transition. The first phase of the project involved an agreement for a development project to prepare the building permit and reach sufficient planning readiness for the implementation of the project. The aim is to have the production and technology campus in use by 2027.

OP Finland Infrastructure – Investment in Cactos Fleet Finland

We acted as the legal advisor to OP Finland Infrastructure LP in its investment in Cactos Fleet Finland Ky. Cactos Fleet Finland invests in smart electricity storage systems in Finland. OP Finland Infrastructure is a fund investing in Finnish infrastructure. The fund is managed by OP Financial Group. Cactos Fleet Finland primarily invests in electricity storage systems installed in real estate properties. In addition to their grid-related tasks, these systems can level out peaks in the property’s electricity consumption and provide back-up power.

Latest insights

22.4.2024 – Tax & Structuring New green transition investments in Finland to receive up to EUR 150 million tax credit per project

Mikko Alakare

Janne Juusela

Samuli Tarkiainen

Jarno Tanhuanpää

Mikko Alakare, Janne Juusela, Samuli Tarkiainen & Jarno Tanhuanpää

2.2.2024 – Environment, Energy & Green Transition Solar and wind power projects affected by amendments to the Act on Expropriation Permits

Sonja Leinonen

Sonja Leinonen

31.1.2024 – Environment, Energy & Green Transition Investments in the green transition require courage and cooperation

Jarno Tanhuanpää

Jarno Tanhuanpää

20.11.2023 – Environment, Energy & Green Transition Permitting hydrogen projects in a changing operating environment: storage and transport of hydrogen

Helinä Teittinen

Helinä Teittinen

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