17.12.2013

Finnish companies invest EUR 40 million in wind park

LocalTapiola Group and TuuliSaimaa purchase nine wind turbines, with an option for 32 more.

The Finnish companies LocalTapiola Group and TuuliSaimaa have acquired the Vartinoja l wind park project in Siikajoki, north-western Finland, for about EUR 40 million from Intercon Energy Oy. The project consists of nine wind turbines producing about 27 MW of electricity, and is expected to be completed in late 2014.

 

The companies have also signed an option for the purchase of the adjacent Vartinoja II and Isoneva wind park projects, where building permits are expected to be issued in spring 2014. In total, the wind park area could have about 41 wind turbines with a capacity of 123 MW.

 

More investment planned

 

According to LocalTapiola Group, it is aiming to invest about 100 million euros in Finnish wind power and is constantly looking for new projects. Its cooperation with TuuliSaimaa started earlier this year, when the two companies collaborated in the TuuliMuukko wind park project completed near Lappeenranta in eastern Finland.

 

TuuliSaimaa’s objective is to build about 200 MW of wind power in Finland and the company is actively developing many projects around Finland. TuuliSaimaa specializes in procuring suitable areas for wind power, permission procedures as well as the planning and execution of the projects.

 

Sources: LocalTapiola Group, TuuliSaimaa, Intercon Energy Oy