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INTERCON SOLD PROJECT IN SIIKAJOKI FINLAND

Intercon Energy Oy has closed the development of the Wind Farm Vartinoja I in Siikajoki, Finland. The Wind Farm consists of 9 WTGs and a nominal grid connection capacity of max 25 MVA.

The project has been sold to a Finnish investor Group with Lähitapiola as main shareholder (90%) and Tuulisaimaa Oy as minor shareholder. The construction works stared in march 2014. Start of operation es expected for Q1/2015

The investor group also signed for an option to buy the other projects in Siikajoki, Vartinoja II and Isoneva with a total of 32 additional WTGs. The option has been called in March-April 2014 when the building permits have been issued. Masterplan was finally accepted on may 14th 2014.