Metsähallitus, a Finnish state-owned enterprise, releases preliminary market information for the 1.3 GW Korsnäs offshore wind project in Ostrobothnia. In addition, the company has launched a competitive bidding process to select a partner for the wind farm.
Metsähallitus is looking for an experienced partner to accelerate the development, construction, and operation of the Korsnäs wind farm. It will invite both domestic and international investors into the selection process with the goal to choose the partner during 2022. The commercial operation is estimated to start in 2028.
The Korsnäs offshore wind farm will be located around 15 – 30 km from the coast. The project will be one of the first large-scale offshore wind farms in Finland. Metsähallitus will act as a project developer and will remain as the lessor of the offshore wind farm post-exit.
Country updates
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December 06, 2021
OX2 partners Alandsbanken for 250-turbine offshore wind project in Aland
Swedish renewables developer OX2 has partnered with Finnish commercial lender Alandsbanken Fondbolag Ab to develop a 250-turbines offshore wind farm project that will be developed near Finland's&...
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November 30, 2021
Ilmatar commissions 211 MW Piiparinmäki, plans 2 more wind projects in Kainuu
The 41 wind turbines of the 211 MW Piiparinmäki wind farm have been completed and are currently producing power for the Finnish electricity grid on the border between Pyhäntä and Kajaan...
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November 29, 2021
wpd reaches financial close for Nuolivaara wind farm project
German renewables developer wpd AG has reached a financial close for the development of the 96.9 MW Nuolivaara wind farm project in Finland. KfW IPEX-Bank is financing the construction and opera...
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November 29, 2021
OX2 to construct and divest 455 MW Lestijärvi wind farm project in Central Ostrobothnia
OX2 has signed an agreement to construct and divest a 455 MW wind farm in Lestijärvi, Finland, for about EUR650 million (US$733 million) including an agreement for technical and commercial manage...
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November 09, 2021
Falck Renewables signs contract for the purchase of 55 MW wind project in Karstula
Falck Renewables S.p.A., through its subsidiary Falck Renewables Finland Oy, has signed a contract for the purchase of two ready-to-build onshore wind farms in Finland, from the Danish group, European...
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