ABO Energy has completed the sale of a 4.4GW wind energy portfolio to Finnish energy company Fortum.
The transaction covers 29 wind energy projects across Finland, with a cash and debt-free purchase price of €40 million ($46.3 million).
The initial purchase price has already been set and five ABO Energy employees will move to Fortum.
The agreement was disclosed in July 2025 through an ad hoc announcement following the signing of the contract.
Beyond the initial purchase price, the transaction includes earnout payments to be made in the mid-2020s, pending the projects reaching a final investment decision.
ABO Energy anticipates that this will result in a sum of “mid-double-digit million euros.”
Karolin Pampel, Director of Finance and Sales at ABO Energy Finland, said: “Our well-developed projects have found a solid new home at Fortum.
“This transaction marks a significant milestone for ABO Energy – the largest portfolio sale in our company’s history in terms of megawatts.”
ABO Energy has been operating in Finland since 2013, developing 15 wind farms to the ready-to-build stage and constructing 11 of these projects.
The firm is also advancing energy storage and green hydrogen initiatives in the country.
Karsten Schlageter, CEO of ABO Energy KGaA, said: “Finland remains a leader in the energy transition and an interesting market for ABO Energy, and we are committed to continuing our operations there.”
The company announced its first hydrogen projects in early 2025 in Nivala and Oulu, Northern Ostrobothnia, and launched its inaugural battery storage project in the fall.
In September, ABO Energy entered into a project development collaboration with the Ålandsbanken Wind Power Fund Non-UCITS in which ABO will oversee the development of four wind projects owned by the fund.
“ABO Energy sells 4.4 GW projects in Finland to Fortum” was originally created and published by Power Technology, a brand owned by GlobalData.
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