Vestas has secured an order from CPC Germania for the 50 MW Lakiakangas II wind park, which will be financed without any state subsidies. Located in Isojoki in the Southern Ostrobothnia region of Finland, Vestas has together with CPC Germania developed a wind energy solution tailored to the site’s specific wind conditions that features 12 V150-4.2 MW turbines with a 135-meter hub height, which optimise annual energy production and offer the lowest cost of energy.
CPC Germania has signed a long-term power purchase agreement (PPA) with a third party that enables the wind park to be financed without any state subsidies at all.
The contract includes supply, installation and commissioning of the wind turbines, as well as a 20-year Active Output Management 5000 (AOM 5000) service agreement. The project will feature VestasOnline® Business SCADA solution to lower turbine downtime and optimise the energy output. Turbine delivery is scheduled for the first half of 2019.
Country updates
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November 02, 2018
Wpd Windmanager takes over management of two wind farms in Finland
Besides Germany, the main target markets of wpd windmanager GmbH & Co. KG are France, Taiwan and Finland. In Finland, the company manages ten wind farms so far with a total capacity of around 280...
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October 29, 2018
ING finances 57.3 MW wind project in Finland
ING Wholesale Banking has announced that it has structured and arranged EUR70 million (US$79.9 million) project financing for the Lakiakangas onshore wind farm, located in Karijoki and Isojoki, Finlan...
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October 24, 2018
IKEA to finance and acquire 4 Finnish wind projects
Swedish wind power developer OX2 will build four onshore wind farms in Finland without subsidies. Ikea would finance the construction and acquire the farms once they are fully operational in 2020. T...
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October 15, 2018
Prime Capital closes acquisition of 23.1 MW wind project in Finland
Prime Capital has announced that it has closed its third transaction in onshore wind in Finland. The project is located in the municipalities of Posio and Kuusamo and consists of 7 Vestas V1...
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October 11, 2018
ABO Wind announces sale of 50 MW pre-construction wind project in Finland
ABO Wind has announced that it has completed the sale of a fully developed wind project located in Polusjärvi, in the Northern Ostrobothnia region of Finland, to Suomen Hyötyt...
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