Luxcara and Vestas have closed turbine supply agreements and long-term service agreements for the three wind projects (100 Välikangas, 28 MW Pihtipudas, and 35 MW Sievi). Luxcara has acquired the three projects from ABO Wind in 2019.
Vestas has developed a customized wind energy solution that features 38 V150-4.2 MW turbines with site-specific towers, capable of optimizing annual energy production and offering competitive levelised cost of energy.
The wind projects are located in the Northern Ostrobothnia region and benefit from favorable wind conditions near the shore. Together they will provide more than 140.000 households with clean energy. The wind projects have been acquired for a portfolio for institutional investors advised by Luxcara.
The contract includes supply, installation, and commissioning of the wind turbines, as well as a 25-year Active Output Management 5000 (AOM 5000) service agreement. The project will feature a VestasOnline® Business SCADA solution to lower turbine downtime and optimize the energy output. Turbine delivery is scheduled for the second quarter of 2021, while commissioning is planned for the fourth quarter of 2021.
Country updates
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February 04, 2020
Lundin Petroleum buys 132 MW Metsälamminkangas wind project in Vaala from OX2
Lundin Petroleum has signed a purchase agreement with OX2 for 100% of 132 MW Metsälamminkangas wind farm in northern Finland. The Metsälamminkangas wind farm, comprising 24 wind turbin...
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January 28, 2020
OX2 completes the 30 MW Ponsivuori wind project in Kurikka
OX2 has commissioned and handed over the 30 MW Ponsivuori wind farm to its owner IKEA Finland. The Ponsivuori wind farm is located in Kurikka, in Southern Ostrobothnia and consists of seven wind turb...
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January 23, 2020
Fortum divests 80% ownership of 500 MW Nordic wind portfolio to CSEIP
Fortum and Credit Suisse Energy Infrastructure Partners (CSEIP) have signed an agreement whereby funds advised by CSEIP will acquire an 80% stake in Fortum’s Nordic wind portfolio. Fortum will...
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January 15, 2020
OX2 and Aquila sign construction deal for 43 MW Korkeakangas wind project in Karstula
Aquila Capital has signed an agreement with Nordic developer OX2 for the construction and asset transfer of the Korkeakangas wind farm with nine wind turbines in Karstula, Finland. The project is bein...
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January 14, 2020
Fortum finalizes sale of its district heating business in Joensuu
Fortum has concluded the sale of its district heating business in Joensuu, Finland to Savon Voima Oyj, as announced on 20 December 2019. The total consideration of the sale on a debt- and cash-free b...
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