UPDATE - Axpo confirms route-to-market contract for Finnish wind project
N117/3000 Delta wind turbine. Source: Nordex SE
April 8 (Renewables Now) - Swiss energy trader Axpo Holding AG today confirmed it has signed a route-to-market and balancing power purchase agreement (PPA) linked to a 29.5-MW wind project in Finland.
The signing of the contract was first mentioned by the developer of the Mörknässkogen project – renewables investor and asset manager Low Carbon – earlier this week when it announced achieving financial close. At the time, US water, hygiene and infection prevention solutions provider Ecolab Inc (NYSE:ECL) said it will buy electricity from the five-turbine wind park under a separate virtual power purchase agreement (VPPA).
Axpo explained today that while Ecolab will receive the power produced by the facility under its own 10-year contract, the Swiss firm’s subsidiary in the Nordics will be in charge of providing spot market access to Low Carbon and balancing the wind farm. Specifically, Axpo Nordic will nominate and sell the output to NordPoolSpot and balance the production towards Finnish transmission system operator Fingrid.
The Mörknässkogen plant is expected to become operational in the final quarter of 2023 and is estimated to produce some 100 GWh of electricity per year.