06.02.2014

O2 and Tornator to develop wind power projects in Finland

Companies aim to build 300–400 megawatts of wind power, mainly on land owned by Tornator.

Swedish company O2, a leader in large-scale onshore wind power in the Nordic region, has signed an agreement for the development of wind projects in Finland with Tornator Oyj, one of the largest forest owners in Finland. Their objective is to develop and build 300–400 megawatts of wind power, corresponding to about a hundred wind turbines, on land owned by Tornator.

“O2 started to develop wind power projects in Finland in 2012. Our projects are mainly located on private landowners’ land in Western Finland. Signing an agreement with one of the largest forest owners in Finland, Tornator, gives us interesting opportunities to expand our project portfolio in Finland,” says Teemu Loikkanen, O2’s Country Manager for Finland.

Good match for wind power production

According to O2, it will have the overall responsibility for project development, construction and financing, while Tornator’s role is to assist in planning and environmental matters. The projects will be located mainly on Tornator’s land in Eastern and Northern Finland, but other landowners may be included as well. Tornator owns about 600,000 hectares of forestland in Finland.

“Tornator has been asked many times for areas for wind power production, but we have wanted to find a partner who also has the resources to implement the projects. O2’s sustainability values regarding environmental aspects and stakeholder involvement are a good match with our ways of working,” says Antero Luhtio, Real Estate Manager at Tornator.

Source: O2