Wind Energy – Finland
Last week the Finnish Government decided to grant permits to Metsähallitus to lease state-owned water resources for wind power generation in the Korsnäs offshore wind farm project and the Tahkoluoto offshore wind farm expansion project.
At the same time, with regard to the Korsnäs project, the Government granted permission to capitalise and invest a maximum of EUR 10 million in the wholly Metsähallitus-owned project company Korsvind Ab Oy, and to transfer the shares of the project company in stages in a manner to be agreed upon separately to a party selected as the project partner.
The Korsnäs offshore wind farm project is a key renewable energy project in Finland. The project is the first offshore wind farm planned for an open sea area in Finland’s territorial waters. Once complete, its nominal energy production capacity will be close to that of the Loviisa nuclear power plant.
The expansion of the Tahkoluoto offshore wind farm will increase its capacity from the current 10 wind turbines to 43 wind turbines and expand its area by about 14,400 hectares.
Metsähallitus is looking for a project partner to construct and operate the wind farm.