Finnish renewables developer Ilmatar Energy said today it has taken a final investment decision on a 216-MW onshore wind project in central Finland.
The company intends to start building the Alajarvi wind farm in October. Its partner in the project is Japan’s Kansai Electric Power Co Inc (TYO:9503), which holds a 49% stake. The duo will realise the project, developed greenfield by Ilmatar, without using any subsidies.
The Alajarvi wind park will be equipped with 36 turbines that are planned to become operational at the end of 2023. Most of its future output will be sold via corporate power purchase agreements (PPAs).
Ilmatar will manage the construction process and will take care of the plant’s technical and commercial operations.
Ilmatar noted it has taken investment decisions for more than 500 MW of new wind projects in Finland in the past two years. The Finnish firm’s goal is to install 1 GW of new wind parks in Finland by 2027 and develop an additional 1 GW in pipeline projects by the same year. Currently, it is building three wind parks across Finland, it said.
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.