Helen has closed the financing and started the construction work of the Lakiakangas 3 wind farm in Ostrobothnia in partnership with the project developer CPC Finland.
The project will be implemented close to the town of Kristiinankaupunki. In addition to the wind farm, Helen and CPC Finland will set up an electricity transmission company, which will be responsible for transmitting the electricity generated by the wind farm to the national grid. The total investment of the project is almost EUR100 million (US$199 million). Helen owns 60 percent and CPC Finland 40 percent of the joint undertakings.
Lakiakangas 3 consists of 20 turbines with a total power output of 86 MW. The objective is to expand the wind farm with another three turbines at a later date. Helen will purchase all of the electricity generated by the wind farm company, and it will provide the company with electricity market services.
The permits needed for the operations have been granted for the wind farm company, and the construction work of the farm is underway. The first turbines in the area will be erected in spring 2021, and wind power production will start towards the end of 2021.
Helen’s customers will be able to purchase wind power generated by the farm in 2022. The Lakiakangas 1 and Lakiakangas 2 wind farms located nearby have been in production since 2017 and 2019.
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