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.
Country updates
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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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February 21, 2019
Luxcara invests in 100 MW wind project in Finland
Luxcara has acquired the Finnish wind power project Välikangas, which has a projected capacity of 100 MW. The produced electricity will be sold to an off-taker on the basis of a power purchase ag...
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