OX2, Axpo ink PPA for 60 MW of Finnish wind power

Wind turbine in Finland. Author: pikkuanna.

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.

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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.

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