OX2 has signed an asset management agreement for Piiparinmäki wind farm with Nuveen Infrastructure. Under the agreement, OX2 will be responsible for the technical, commercial and financial management of the Piiparinmäki wind farm, to ensure optimal asset performance on the behalf of Nuveen Infrastructure, the private infrastructure investment business of $1.2tn global asset manager Nuveen. … Continue reading OX2 to manage a 211 MW wind farm in Finland
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FRV enters the Nordic market and plans 600 MW photovoltaic projects in Finland
Fotowatio Renewable Ventures (FRV), a developer of sustainable energy solutions and part of Jameel Energy, has announced its entry into the Finnish market with the help of local operator Will & Must. Together, FRV and Will & Must will develop a portfolio of several photovoltaic projects that will have a total capacity of 600 MW. … Continue reading FRV enters the Nordic market and plans 600 MW photovoltaic projects in Finland
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Baltic Sea countries pledge closer collaboration to secure critical offshore wind energy infrastructure
The Energy Ministers of 8 Baltic Sea countries – Lithuania, Denmark, Estonia, Finland, Germany, Latvia, Poland and Sweden agreed the Vilnius Declaration, pledging closer collaboration to secure critical offshore energy infrastructure in the Baltic Sea region. This comes after the Russian invasion of Ukraine and various acts of sabotage to energy infrastructure in the Baltic … Continue reading Baltic Sea countries pledge closer collaboration to secure critical offshore wind energy infrastructure
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TotalEnergies and European Energy expand collaboration to offshore wind energy
As part of its integrated development in electricity, TotalEnergies has signed a new agreement with European Energy to develop offshore wind farm projects in three Nordic countries: Denmark, Finland and Sweden. 405 MW of offshore wind power under development in Denmark The agreement entails the acquisition by TotalEnergies of an 85% equity stake in the … Continue reading TotalEnergies and European Energy expand collaboration to offshore wind energy
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Vestas is awarded a 186 MW wind power project in Finland
Vestas has received a firm order from Ilmatar, a Nordic energy company and independent power producer (IPP), for the Pahkakoski wind farm in the municipality of Ii, located 60 kilometers from the city of Oulu, Finland. The order consists of 30 V162-6.2 MW wind turbines and includes the supply, delivery and commissioning of the wind … Continue reading Vestas is awarded a 186 MW wind power project in Finland
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Finland to auction five offshore wind energy sites
Finland will launch an auction for five offshore wind power sites with up to 500 wind turbines in Finland’s public water areas. “The total area of the five offshore wind energy sites that will be included in the auction procedure is about 860 km2 and their maximum calculated capacity is about 7,500 megawatts,” the Government … Continue reading Finland to auction five offshore wind energy sites
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Statkraft and Telenor sign agreement for the supply of wind energy energy for Telenor’s Finnish subsidiary DNA
Telenor have signed a 10-year Power Purchase Agreement (PPA) with Statkraft. The agreement ensures that around 80% of the purchased power for Telenor’s Finnish subsidiary DNA, comes from a new wind farm to be built in Finland. The Palokangas wind farm is owned by Exilion Tuuli and starts its operations late 2024. Exilion Tuuli is … Continue reading Statkraft and Telenor sign agreement for the supply of wind energy energy for Telenor’s Finnish subsidiary DNA
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OX2’s sale of 49 percent of Finnish offshore wind projects to Ingka Investments is completed
On May 12, OX2 announced that an agreement had been signed with Ingka Investments for the sale of 49 percent of three offshore wind projects in Finland, with a potential capacity of about 6,000 MW. The deal was subject to customary competition merger filing approval. Merger clearance has now been obtained and the transaction has … Continue reading OX2’s sale of 49 percent of Finnish offshore wind projects to Ingka Investments is completed
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The Growing Importance of Wind Power in Finland’s Energy Mix
Finland, a country known for its vast forests and thousands of lakes, is increasingly embracing wind power as a key component of its energy mix. As the global community strives to reduce greenhouse gas emissions and transition to renewable energy sources, Finland has recognized the potential of wind power to contribute to a more sustainable … Continue reading The Growing Importance of Wind Power in Finland’s Energy Mix
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Vestas secures 161 MW order from Neoen for two wind projects in Finland
Vestas has received an engineering, procurement and construction (EPC) orderfor two wind projects totalling 161 MW to build Neoen’s and Prokon’s jointly owned Lumivaara and Storbötet wind farms in Finland. The order for the 105 MW Storbötet project in the municipality of Uusikaarlepyy consists of 17 V162-6.2 MW wind turbines, while the order for the … Continue reading Vestas secures 161 MW order from Neoen for two wind projects in Finland
Continue readingOX2 sells stake in its Finnish offshore wind development portfolio to Ingka Investments
OX2 has agreed with Ingka Investments to sell a 49 percent stake in its three offshore wind projects in Finland. The three projects will have a potential to reach total installed capacity of about 6,000 MW. The transaction is expected to impact OX2’s operating income positively with approximately 300 MSEK* in 2023. The sale is … Continue reading OX2 sells stake in its Finnish offshore wind development portfolio to Ingka Investments
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Ilmatar Offshore and Ramboll Finland expand cooperation in new offshore wind area
Ilmatar Offshore has been granted a survey permit for the new 1.2 GW offshore wind project area Vågskär in the Finnish Exclusive Economic Zone (EEZ). Ramboll Finland is contracted for the environmental impact assessment, and studies are underway. Ilmatar Offshore has identified a new 367 km2 offshore wind area in the Finnish exclusive economic zone. … Continue reading Ilmatar Offshore and Ramboll Finland expand cooperation in new offshore wind area
Continue readingVestas wins order for 50 MW of wind power in Finland
Vestas has received a 50 MW order for the Lappfjärd Extension wind farm from Prime Capital AG in Kristinestad, Finland. The order includes the supply, installation and commissioning of eight V162-6.2 MW wind turbines, as well as a 20-year Active Output Management 5000 (AOM 5000) service agreement designed to ensure optimized asset performance. This order … Continue reading Vestas wins order for 50 MW of wind power in Finland
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OX2 hands over Merkkikallio wind farm in Finland to Renewable Power Capital
OX2 hands over Merkkikallio wind farm in Finland to Renewable Power Capital. The wind farm comprises of 15 wind turbines with a total installed capacity of 82.5 MW. The construction of the wind farm in the municipality of Mustasaari and city of Vaasa in Finland started in May 2021. The wind farm is now in … Continue reading OX2 hands over Merkkikallio wind farm in Finland to Renewable Power Capital
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OX2 to develop 1,400 MW offshore wind farm outside the coast of Finland
OX2 has initiated the development of the offshore wind farm Tyrsky in the Gulf of Bothnia in the Finnish economic zone. The project that is estimated to have a total installed capacity of 1,400 MW and will be included in OX2’s project development portfolio for the first quarter, 2023.OX2 received a research permit for the … Continue reading OX2 to develop 1,400 MW offshore wind farm outside the coast of Finland
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Finland’s wind power capacity shot up 75% in 2022
Finland clocked a 75% increase in wind power capacity last year, boosting the country’s renewable energy cred. According to the latest statistics from the Finnish Wind Power Association (FWPA), 2022 was a record time for green power. Specifically, 437 new wind turbines were put into operation, delivering a 2,430MW power capacity. What’s more, wind power … Continue reading Finland’s wind power capacity shot up 75% in 2022
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Vattenfall gets to build Finland’s first large offshore wind farm
Vattenfall has entered a joint venture with Metsähallitus to build and operate Finland’s first major offshore wind farm. The project, located at Korsnäs off the Finnish west coast, will have a capacity of 1.3 GW and a potential annual production of 5 TWh. Vattenfall was selected in the first of a number of international offshore … Continue reading Vattenfall gets to build Finland’s first large offshore wind farm
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Siemens Gamesa selected by OX2 for 145-MW wind farm in Finland
Siemens Gamesa and OX2 sign latest deal for 145-MW Niinimäki project in the Pieksämäki municipality. The wind power project will use 22 SG 6.6-170 wind turbines, among the most competitive in the onshore industry. The project is due to be commissioned in late 2024 and includes a 35-year service contract. Siemens Gamesa’s relationship with OX2 … Continue reading Siemens Gamesa selected by OX2 for 145-MW wind farm in Finland
Continue readingVestas wins an order for 236 MW of wind power in Finland
Vestas has received an order for 236 MW wind turbines from Suomen Hyötytuuli Oy, a long-term customer of Pori, to power the Siikajoki wind farm in North Ostrobothnia in Finland. The order consists of 38 V162-6.2 MW wind turbines and includes the supply, installation and commissioning of the wind turbines, as well as the Vestas … Continue reading Vestas wins an order for 236 MW of wind power in Finland
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Eolus and Simply Blue Group in partnership to develop four offshore floating wind projects in the Baltic Sea
The joint venture named SeaSapphire, powered by Eolus and Simply Blue Group, is commencing the early development of four commercial scale floating offshore wind parks in The Baltic Sea – two projects in Sweden and two in Finland. Simply Blue Group is an Irish blue economy project developer, developing pioneering projects in floating offshore wind, … Continue reading Eolus and Simply Blue Group in partnership to develop four offshore floating wind projects in the Baltic Sea
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