CIP teams up with local partner to develop 1.8 GW of wind in Finland

Danish fund manager Copenhagen Infrastructure Partners (CIP) has joined forces with Finnish wind developer Myrsky Energia to develop more than 1.8 GW of onshore wind power capacity in Finland.

CIP said today that the framework agreement signed with Myrsky represents its first investment in onshore wind in the Nordic region.

The partnership is expected to contribute to Finland’s 2035 carbon neutrality target, while enhancing energy security and boosting local economies.

According to Nischal Agarwal, partner in CIP, Finland has excellent conditions for large-scale onshore wind projects, combined with a significant ambition to decarbonise by 2035 and achieve energy security.

Myrsky highlighted separately on social media that the partnership involves an investment of EUR 2.3 billion (EUR 2.5bn), while the capacity it targets to build equates to one-third of Finland's current wind power capacity.

(EUR 1 = USD 1.078)

Choose your newsletter by Renewables Now. Join for free!