ABO Energy sells 4.4GW projects in Finland to Fortum

Core Insights - ABO Energy has successfully sold a 4.4GW wind energy portfolio to Finnish energy company Fortum for a cash and debt-free price of €40 million ($46.3 million) [1] - The transaction includes potential earn-out payments contingent on the projects reaching a final investment decision, expected to yield a "mid-range double-digit million euro" sum [2] - This sale represents the largest portfolio sale in ABO Energy's history in terms of megawatts [3] Company Operations - ABO Energy has been active in Finland since 2013, developing 15 wind farms to the ready-to-build stage and constructing 11 of these projects [3] - The company is also pursuing energy storage and green hydrogen initiatives in Finland, with its first hydrogen projects announced in early 2025 [4] - ABO Energy has entered a project development collaboration with the Ålandsbanken Wind Power Fund to oversee the development of four wind projects [5]