BaltCap invested in the construction of 18MW Mäli & Tamba wind farm on the west coast of Estonia. The farm uses modern 3MW turbines produced by Enercon.
Senior loan facility was provided by the consortium of SEB & Nordea banks, the project is partly financed by investment grant from Environmental Investment Centre.
The wind farm will be operational from September 2013.
“In Mäli & Tamba wind farm we are combining one of the best wind locations on the coast of Estonia with one of the most efficient turbine technologies on the market,” said BaltCap’s managing partner Peeter Saks.
“BaltCap is also proud to invest into green energy as we have been one of the front-runners of socially responsible investing in the Baltic countries.”
Mäli & Tamba wind farm is BaltCap’s second energy-related investment after Energate, a natural gas distribution network in Estonia.
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