Dutch tie-up seals 126-MW PPA for Finnish wind from Neoen
Author: Magnus Hagdorn.
France’s Neoen SA (EPA:NEOEN) said today it has struck an off-take deal for 126 MW coming from its 404-MW Mutkalampi wind farm project in Finland.
Under a 10-year power purchase agreement (PPA), the renewable power producer will supply the electricity to a Dutch tie-up between brewer Heineken (AMS:HEIA), technology giant Philips (AMS:PHIA), lighting maker Signify NV (AMS:LIGHT) and chemicals group Nouryon, formerly AkzoNobel Specialty Chemicals. Guarantees of origin are also part of the contract, which is scheduled to enter into force in the third quarter of 2023.
A 125 MW of the wind farm’s output was contracted by Google through a PPA signed in September 2019.
The Mutkalampi project, which Neoen is co-developing with Finland’s Prokon, will be installed in western Finland’s Central and Northern Ostrobothnia regions. While initially planned at 250 MW, the wind farm’s total capacity will reach 404 MW, making it the largest one of its kind in Finland, Neoen said. The French firm will be the majority owner of the plant, with an 80% shareholding.
Including Mutkalampi, Neoen will have over 500 MW of installed renewables assets in Finland. Its portfolio there also includes the 81-MW Hedet wind park and the 30 MW/30 MWh Yllikkala battery storage system.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.