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December 23 (Renewables Now) – German energy group Uniper SE (ETR: UN01) and its Finnish counterpart Fortum Oyj (HEL: FORTUM) have made an investment decision to begin construction of a 380 MW wind farm cluster in Finland.
The project is the first undertaken as part of Uniper and Fortum’s joint renewable energy strategy in Europe, which envisages the deployment of 1.5 GW to 2 GW of new capacity by 2025. Their partner in the 380 MW program will be the Finnish energy company Helen Ltd. , Uniper said Wednesday.
Forum, which owns 76.1% of Uniper, will retain 60% of the Finnish regime, while Helen will own the rest.
The wind cluster includes the Pjelax-Bole and Kristinestad Norr projects in Narpes and Kristinestad, in western Finland. The complex will be powered by 56 turbines and should be able to produce around 1.1 TWh of electricity per year.
Construction and civil works are expected to start in January 2022, with commissioning of the wind farms scheduled for the second quarter of 2024 at the latest. The total investment required is estimated at around 360 million euros (408.1 million euros). of dollars), of which Fortum’s share is 216 million euros.
The wind farms will operate under a long-term power purchase agreement (PPA) whereby Helen will purchase 50% of their power generation.
(1.0 EUR = 1.133 USD)
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