Finland's water areas steward picks Vattenfall to build 1.3-GW wind farm
Two workers at an offshore wind farm in the North Sea. Photo: Vattenfall.
State enterprise Metsähallitus, responsible for managing a third of Finland's land and water areas, has concluded the country’s first offshore wind tender, selecting Vattenfall AB to build a 1.3-GW wind park off the Finnish west coast.
“The first offshore auction process is now completed, and we will continue with the next projects in the pipeline for international auctions in 2023,” commented Juha S. Niemelä, director general of Metsähallitus.
The Swedish electric utility will construct the wind farm at Korsnäs with a total investment estimated at between EUR 2 billion (USD 2.12bn) and EUR 3 billion. The facility is expected to become operational early next decade and will have the capacity to generate up to 5 TWh a year.
“With this project, Vattenfall is expanding its role in Finland; from one of the largest electricity retailers to a significant renewable energy producer,” said Elina Kivioja, CEO at Vattenfall Oy.
Finland’s objective is to achieve net zero emissions by 2035.