Renewable

March 8 (Renewables Now) - Finnish state-owned energy company Gasum Oy has signed a deal to offtake most of the production output of a 44-MW onshore wind park in Finland.

Supplies will be made under a 10-year power purchase agreement with London-based renewable energy investment platform Renewable Power Capital (RPC), the latter said on Tuesday. The contract is tied to its Rustari wind project.

To be located in the municipality of Kurikka, in the Southern Ostrobothnian region of Finland, the Rustari park will be equipped with eighth turbines, due to become operational in early 2023. According to the agreement, the plant will start delivering electricity to Gasum later in the same year.

The PPA aligns with Gasum’s sustainability goals and support its long-term strategy to offer renewable electricity to its customers.

RPC is backed by Canada Pension Plan Investment Board (CPP Investments). Since the beginning of this year, the company has sealed three PPAs in the Nordic region. The latest one, from February, was with Swiss power producer and energy trader Alpiq for power from the 82.5-MW Merkkikallio wind project in Finland.

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