The rising demand for renewable energy goes hand in hand with the increasing volume and complexity of renewable energy legislation. This can pose a challenge for global companies looking to develop or invest in clean energy infrastructure.
28.9.2022
C&S Contributes to Simmons & Simmons’ Clean Energy Tool
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Global law firm Simmons & Simmons’ Clean Energy Tool provides clients online access to reliable and up-to-date legal and regulatory renewable energy data. The tool covers over 45 jurisdictions with more being added every month. Content is created and updated regularly with best-in-class local counsel in over 60 countries worldwide. The Clean Energy Tool helps clients compare country-specific legal frameworks for renewable energy in a standardised way, informing decision-makers in the renewable energy projects.
Castrén & Snellman is the Finnish contributor to the Clean Energy Tool. Miika Pinomaa, our Partner and Head of the Energy service, led the team of energy and environmental lawyers who contributed to the tool. The team included Counsel Heidi Malmberg. Listen to what Mr Pinomaa has to say about clean energy on the Simmons & Simmons’ podcast.
To learn more about the Clean Energy Tool, or to request a demo/free trial please visit Simmons & Simmons.
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Neste – EUR 500 million refinancing arrangement
We advised Neste Corporation on the refinancing of its EUR 500 million term facility by way of two EUR 250 million bilateral term facilities provided by OP Corporate Bank plc and Danske Bank A/S, Finland Branch. Each term facility has a maturity of three years with extension options.
Case published 25.11.2025
Prisma Properties – Sale and leaseback of ten grocery retail properties
We are assisting Prisma Properties AB in a sale and leaseback arrangement with Kesko Oyj comprising ten grocery retail properties. The transaction value is approximately EUR 59 million, and the properties are located in Sastamala, Jyväskylä, Lappeenranta, Vihti, Oulu, Saarijärvi, Liminka, Imatra, Loviisa, and Eurajoki. As part of the arrangement, the properties are leased back to Kesko Oyj under lease agreements with a weighted average lease term of 11.6 years. The portfolio includes well-known store concepts such as K-Citymarket, K-Supermarket, and K-Market.
Case published 20.11.2025
YIT – Data centre construction agreements with XTX Markets
We advised the urban developer and construction company YIT on the drafting and negotiation of two construction agreements with the leading algorithmic trading firm XTX Markets for the development of two data centres in Kajaani, Finland, which are part of XTX Markets’ data centre complex. The first agreement, valued at approximately EUR 100 million and signed in December 2024, marked the commencement of the construction of the first data centre facility in Kajaani, establishing Kajaani as a strategic hub for high-performance computing infrastructure. Building on the success of this collaboration, YIT and XTX Markets entered into a second agreement in August 2025 to commence construction of a second data centre facility. This phase includes the delivery of the shell and core of the new building.
Case published 20.11.2025
Rabobank – Financing arrangement for Olana Energy
Castrén & Snellman acted as legal advisor to Coöperatieve Rabobank U.A. in its capacity as sole lender and hedging bank providing senior financing to Olana Energy for a Battery Energy Storage Systems (BESS) portfolio in Finland. Our advice included preparing a legal due diligence report on the projects as well as advising on the negotiation of the various finance and project agreements. Olana Energy is a management-owned fast-growing independent power producer with an international pipeline of over 1 GW. The diversified portfolio of assets ranging from 5 to 30 MW reinforces the Finnish grid at a granular level.
Case published 18.11.2025