Wind Energy – Finland
Vattenfall has entered a joint venture with Metsähallitus to build and operate Finland’s first major offshore wind farm.
The project, located at Korsnäs off the Finnish west coast, will have a capacity of 1.3 GW and a potential annual production of 5 TWh.
Metsähallitus is a state owned enterprise that manages one third of Finland’s land and water areas.
Vattenfall was selected in the first of a number of international offshore wind tenders to be carried out by Metsähallitus, which manages the land and water areas of the Finnish state.
With this project, Vattenfall is expanding its role in Finland; from one of the largest electricity retailers to a significant renewable energy producer.
“We are very pleased to partner with Vattenfall, which presented strong experience on large-scale offshore wind projects together with sustainable business practices in addition to competitive commercial terms. We are confident that this project will benefit the people of Korsnäs, the economic zone around Vaasa as well as the state of Finland,” says Juha S. Niemelä, Director General of Metsähallitus.
Once complete, the Korsnäs wind farm will produce renewable energy equivalent to the annual consumption of more than two million apartment homes or the annual consumption of around 250,000 electricity heated individual houses in Finland.