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-west of Finland called Saunamaa and Suolakangas. VALOREM developed these wind farms together with local partner Megatuuli.

While maintaining a minority stake, VALOREM will manage construction and operation of both wind farms through its subsidiaries VALREA, VALEMO and its local partner Megatuuli. Seventeen Vestas V150 4.2 MW turbines with tip heights of up to 230m will be constructed with total expected annual generation of 280 GWh.

Construction will start immediately, and the wind farms are expected to be in commercial operation by late 2020.