Vestas has secured an order from the Nordic developer OX2 backed by the UK investor Infracapital for the wind projects Kröpuln and Storbacken in Western Finland that will be realised on a merchant basis without any direct financial support. The projects have a total capacity of 60 MW of V150-4.2 MW turbines delivered in Power Optimised Mode to maximise power production based on the sites’ specific wind conditions.
The contract includes supply, installation and commissioning of the wind turbines, as well as a 30-year Active Output Management (AOM 5000) service agreement and a VestasOnline® Business SCADA solution to lower turbine downtime and optimise the energy output.
Wind turbine delivery is planned to begin in the second quarter of 2021, with commissioning expected in the third quarter of 2021.
Country updates
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September 25, 2019
Neoen secures 130 MW PPA with Google in Finland's 250 MW Mutkalampi wind farm
Neoen has signed a new power purchase agreement with US technology services Google. This new PPA covers a capacity of 130 MW. Google will purchase the green electricity produced by the future Mutkala...
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September 23, 2019
Google enters agreement with Ilmatar Energy for Piiparinmäki wind farm energy output
Google has reached an agreement with Ilmatar Energy, a joint venture of Omnes Capital-managed Capenergie 3 and Ilmatar Windpower plc, for the purchase of 125 MW of electricity from the Piiparinm&...
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September 05, 2019
OX2 divests two Finnish greenfield wind power projects
Infracapital, the infrastructure equity investment arm of M&G Prudential, has agreed to acquire two pre-construction Finnish onshore wind farm projects, Kröpuln and Storbacken, from OX2, a Eu...
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August 30, 2019
Aquila Capital invests in two Finnish wind projects with 53 MW capacity
The alternative investment specialist Aquila Capital is expanding its position in the Finnish wind energy market by acquiring two operational onshore wind projects north of the port city Oulu in North...
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August 15, 2019
Aquila European Renewables to acquire 34.5 MW li Olhava wind farm in Finland
Aquila European Renewables Income Fund (AERIF) has secured the exclusive right to acquire a 34.55 MW Finnish wind farm. The fund has entered into a short-term financing agreement, which enables it to...
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