Eltel’s Power business in Finland has signed an agreement with project investor Octopus and energy developer VALOREM to build the infrastructure for two new wind farms in Western Finland. The contract is worth about EUR13 million (US$14.5 million).
Eltel’s scope of work covers the construction of roads, crane pads, turbine foundations, electrical cabling, and substations. The wind farms, Saunamaa and Suolakangas, will have a total capacity of 71.4 MW and comprise in total 17 turbines. The project has started and is scheduled to be completed during the fourth quarter of 2020.
Country updates
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May 23, 2019
VALOREM and Octopus Energy Investments partner up to construct and commission two wind projects in Finland
VALOREM and Octopus Energy Investments (OEI) have entered into a joint venture for the construction and operation of 71.4 MW of wind capacity in Finland. The deal covers two wind farms in the south-we...
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May 22, 2019
K2 Management appointed as technical advisor for Saunamaa and Suolakangas wind projects
K2 Management has been appointed as a technical advisor by Octopus Energy Investments, part of the Octopus Group, and Valorem to support the execution of two onshore wind projects totaling over 70 MW...
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May 09, 2019
Vestas to provide turbines for 71.4 MW wind projects of VALOREM, Octopus Energy Investments (OEI)
Vestas has received a 71 MW order from VALOREM, a major player in the French wind energy market, for the Saunamaa and Suolakangas wind projects located in southern Finland. VALOREM and Octopus En...
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May 09, 2019
Infranode and Mirova signs agreement to acquire 34% stake in Loiste
A consortium consisting of Infranode and Mirova has entered into an agreement to acquire a minority stake in the Finnish energy utility company Loiste from the municipalities of Kajaani and Sotkamo....
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April 17, 2019
EQT closes fourth Infrastructure fund at EUR 9 billion
EQT Infrastructure IV held its first and final close at its hard cap of EUR 9 billion on March 12, 2019, after officially launching in September 2018. Demand from both existing and new investors was s...
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