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%.
Country updates
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July 20, 2022
Neoen, Prokon break ground on 40.4 MW wind project in Narpes
Neoen SA, a French renewable energy producer, has begun construction on the 40.4 MW Bjorkliden wind farm in western Finland. Neoen owns the project with wind developer Prokon, which is part of the Ge...
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July 13, 2022
VSB Group to sell 190 MW Finish wind farms to Helen, Ålandsbanken Wind Power Fund
German renewables developer VSB Group has entered a deal with Finish utility Helen Ltd and Alandsbanken Wind Power Special Investment Fund for the sale of two wind farms with a combined capa...
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July 11, 2022
Falck initiates construction work on 59 MW wind projects in Karstula
Falck Renewables SpA has started construction works at its 59 MW of wind farms in Central Finland. The projects are located in the municipality of Karstula and represent Falck's entry into the Finnish...
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July 07, 2022
Alandsbanken appoints OX2 to manage 90 MW Murtomaki wind project in Pyhajarvi
Alandsbanken Wind Power Fund has appointed OX2 AB to manage its 90 MW Murtomaki onshore wind project that will be constructed in the town of Pyhajarvi in Finland. On behalf of Al...
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July 01, 2022
OX2 commissions 45 MW Korkeakangas wind project in Karstula
OX2 AB has started the commercial operation of the 45 MW Korkeakangas wind farm project located in Karstula, central Finland. Aquila Capital, the owner of the project, has contracted OX2 to...
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