October 16 (Renewables Now) - Swedish renewables developer OX2 has signed a power purchase agreement (PPA) for the output of 60 MW of wind parks in Finland with Swiss energy utility Axpo Holding AG.
Under the long-term deal, Axpo’s subsidiaries Axpo Nordic AS and Axpo Finland Oy will get electricity from the 30-MW Kropuln and the 30-MW Storbacken wind farms. The two power plants are currently being installed in Finland’s Ostrobothnia region.
The wind parks will be equipped with 14 turbines with an expected power output of about 206 GWh a year. Once commissioned in the fourth quarter of 2021, they will be able to meet the electricity needs of around 120,000 homes annually.
“We are pleased to conclude such a contract for a non-subsidised wind farm project in Finland after various PPAs in other Northern European markets,” said Matti Ahtosalo, managing director of Axpo Finland Oy. The CEO of OX2 Paul Stormoen added that this PPA indicates that onshore wind projects are “absolutely competitive” in the Finnish market.