Ilmatar Energy

Ilmatar Energy is a Finnish energy company that operates single-stage wind power production. The company will build, own, and operate wind farms to increase Finnish wind power generation capacity by 1 GW by 2027. Ilmatar Energy is headquartered in Helsinki, Finland.

Ilmatar is a leading Nordic independent power producer (IPP) and renewable-energy developer focused entirely on green generation from wind and solar, backed by energy storage for a flexible power system. Headquartered in Helsinki, it employs around 70 experts and has built a strong project portfolio (10 GW) in Finland and Sweden. Founded in 2011 by Mikko Toivanen and Kalle Pykälä, Ilmatar has evolved from a wind developer into a full-scale IPP that handles the entire lifecycle of projects — from site-finding and financing to construction and operations — and also trades power via its in-house 24/7 intraday desk. The company is deeply committed to sustainability: it produces exclusively fossil-free electricity, assesses biodiversity across projects, and strives to maximize circularity by aiming to recycle up to 90% of its turbine and panel components. Its name comes from Ilmatar, the Finnish goddess of air in the national epic Kalevala, symbolizing the company’s mission to bring harmony between energy production and nature.