Funds managed by Downing have agreed to acquire Tornionlaakson Voima Oy, which owns and operates three hydropower plants in the Tengeliönjoki river basin in northern Finland.
[Image: Downing]
Downing said the agreement was signed on 25 March 2026 with sellers Tornionlaakson Sähkö Oy and PVO-Vesivoima Oy for the entire shareholding of Tornionlaakson Voima Oy.
The company added that the transaction is expected to complete in spring 2026, subject to approval by the Ministry of Economic Affairs and Employment.
