Neoen and Prokon have signed a new power purchase agreement (PPA) with Equinix, a digital infrastructure company, to provide at least 42 MW of green energy in Finland. The project will supply renewable energy to all five of Equinix's International Business Exchange (IBX) data centers in Finland.
Equinix will purchase 80% of the green energy and origin guarantees produced by the new Lumivaara wind farm under the 10-year agreement. Lumivaara will be built in the Finnish municipality of Hyrynsalmi, in the central region of Kainuu, and will include nine wind turbines with a total capacity of at least 53 MW.
The construction of the project is set to begin in 2023, with completion scheduled for early 2025. Neoen owns an 80% stake in the project, with Prokon, the project's original developer, owning the remaining 20%.
