Conquest, a prominent fund manager specializing in energy transition infrastructure across Europe, has made a significant move into the Finnish renewable power market. The company has acquired a 182MW onshore wind portfolio developed by Winda Energy, solidifying a broader strategic partnership aimed at further extensions.

According to Frederic Palanque, Founder and Managing Director of Conquest, “Conquest is thrilled to enter, in partnership with Winda Energy, in sustainable real assets in a market recognized for its robust renewable energy fundamentals and its ambitious net zero roadmap.”

The transaction, executed through Conquest’s fund Conquest Infrastructure SLP – Sustainable 2, marks the acquisition of two wind farms developed by Winda Energy, a Finnish renewable energy developer majority-owned by Czech-based BHM Renewables, a part of the investment firm BHM group. These wind projects, with a combined capacity of 182MW, pave the way for additional onshore wind projects totaling 500MW.

This strategic move not only allows Conquest to expand its renewable power platform but also strengthens its presence in the Nordic market. The investment aligns with Conquest’s commitment to a well-balanced and diversified approach towards the energy transition in Europe.

“The transaction represents an expected phased total investment of approximately 1 billion euros, offering a fully green investment in one of Europe’s most stable and robust economies,” stated Palanque.


“We are happy to cooperate with Conquest, a dynamic and reliable partner on our growth journey,” said Tuomas Hooli, CEO of Winda Energy. “The transaction secures the completion of some of our flagship projects over the next years, enabling us to extend our contribution to Finland’s green energy transition.”

The first two wind projects are already at an advanced stage of development, with the initial 182MW expected to be ready-to-build by Q4 2024. The remaining projects are anticipated to reach a similar stage by Q4 2025. Winda Energy Oy will oversee the development and construction, with commercial operations expected to commence between 2026 and 2028.