Energy & Infrastructure

Energy & Infrastructure

Energy and infrastructure projects are major, long-term investments. They include many time-critical phases that need a proactive and comprehensive approach. Power plants, electrical lines or mining projects require many kinds of legal expertise over the course of their lifecycle—from environmental permits and impact assessments to subcontracting and financing agreements and potentially even stock exchange listing.

Energy and infrastructure projects can also have extensive impacts on the development of society. Renewable energy has become more affordable than fossil fuels even on a pure market basis. As the energy revolution proceeds, the challenges will be energy storage, electrical grid balancing and the diversification of energy production. Energy issues touch every company, as energy choices are a reflection of corporate responsibility.

Our experienced experts have advised developers and investors in Finland’s largest and most demanding projects. We can provide tailored solutions for the full range of legal issues in energy and infrastructure projects.

Latest references

Merger of Oomi and Lumme Energia

We are acting as the joint legal advisor to Oomi Oy and Lumme Energia Oy in a transaction whereby Lumme Energia will merge with Oomi. As from the completion of the merger, the combined entity will be the largest electricity retail and service company in the Finnish market. In 2024, Oomi reported a turnover of EUR 373.9 million and had approximately 110 employees. Lumme Energia’s turnover for the same year was approximately EUR 314.6 million and it had approximately 50 employees. The transaction is primarily driven by the recent developments in the electricity market and the strategic goal to develop competitive products and services. Another key objective is to further enhance the customer experience, which is a shared value between the two companies. As a result of the merger, Lumme Energia’s customers will transfer to Oomi, and Lumme Energia will become one of Oomi’s shareholders. The completion of the transaction is subject to an approval by the Finnish Competition and Consumer Authority.

Nevel – Acquisition of Labio’s business

We advised Nevel Oy in its acquisition of the business of Labio Oy. Lahti Aqua Oy and Salpakierto Oy sold their entire shareholdings in Labio to Nevel, expanding Nevel’s already significant biogas portfolio. The transaction will have no impact on Lahti Aqua’s water utility operations or Salpakierto’s municipal waste management responsibilities. Labio’s operations and customer relationships will continue as before. ‘This partnership is a natural next step for us as we continue investing in sustainable material efficiency and renewable energy solutions. By integrating Labio’s comprehensive offerings and expertise, we can provide customers with a strong platform for material circularity. We are also strengthening our market position as one of Finland’s leading material efficiency solution providers,’ says Ville Koikkalainen, Director of Industrial and Biogas Business at Nevel. Nevel is an energy infrastructure company offering advanced, climate-positive solutions for industry and real estate. It operates more than 130 energy production plants and manages over 40 district heating networks. Nevel’s annual turnover is EUR 150 million, and it employs 190 experts in Finland, Sweden and Estonia.

Netel Group – Sale of Finnish Operations

We advised Netel Group, a Nasdaq Stockholm-listed contracting company, on the sale of its Finnish operations, Netel Oy, to a group of private investors. The divestment forms part of Netel Group’s strategic realignment. In January 2025, Netel Group announced its decision to exit the Finnish market in order to concentrate on its core markets in Sweden and Norway and growth markets in Germany and the UK. Netel Group is a leading provider of services in the development and maintenance of critical infrastructure within Infraservices, Power and Telecom across Northern Europe. The company has been listed on Nasdaq Stockholm since 2021.

Gasum – Acquisition of NSR Biogas AB and Liquidgas Biofuels Genesis AB

We advised Gasum when it acquired 100% of the shares in NSR Biogas AB and the remaining 1/3 of the shares in Liquidgas Biofuels Genesis AB. Gasum has already been the majority owner of Liquidgas Biofuels Genesis AB since 2023 and is now acquiring full ownership. Gasum is a Nordic gas sector and energy market expert. Gasum offers cleaner energy and energy market expert services for industry and for combined heat and power production as well as cleaner fuel solutions for road and maritime transport. The company helps its customers to reduce their own carbon footprint as well as that of their customers.

Latest insights

2.10.2025 – Environment, Energy & Green Transition Fingrid extends restrictions on new energy storage facility connections in Southern Finland until 2029

Konsta Peussa

Marius af Schultén

Konsta Peussa & Marius af Schultén

15.5.2025 – Environment, Energy & Green Transition Latest regulatory developments for renewable energy in Finland

Marius af Schultén

Konsta Peussa

Marius af Schultén & Konsta Peussa

7.4.2025 – Private Equity Tax credit for major clean transition investments passed in Parliament – application period until 29 August 2025

Janne Juusela

Mikko Alakare

Samuli Tarkiainen

Marius af Schultén

Jarno Tanhuanpää

Kanerva Sunila

Noora Ahonen

Janne Juusela, Mikko Alakare, Samuli Tarkiainen, Marius af Schultén, Jarno Tanhuanpää, Kanerva Sunila & Noora Ahonen

4.10.2024 – Environment, Energy & Green Transition Government proposal for an act on offshore wind power in the exclusive economic zone submitted to Parliament

Marius af Schultén

Kanerva Sunila

Marius af Schultén & Kanerva Sunila

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