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EURO 30 million grant for Tahkoluoto OW demo project

Tuesday, February 21 2023

Wind Energy – Demo Project Finland

The Ministry of Economic Affairs and Employment of Finland has granted EURO 30 million for offshore wind power investment in accordance with Finland’s Recovery and Resilience Plan and utilizing the funds available through the EU’s Recovery and Resilience Facility.

The grant given to Tahkoluoto offshore wind power demonstration project will facilitate ramping up the offshore wind power business in Finland and alleviates significant risks pertaining to building offshore wind power.

Suomen Hyötytuuli’s demonstration project comprises the construction of two offshore wind turbines off the coast of Tahkoluoto, Pori.

The 15-megawatt turbines will be located in deeper water than the earlier 4-megawatt wind turbines constructed in the Finnish sea areas.

The project aims to demonstrate a foundation concept suitable for deeper water as well as the underwater construction methods appropriate for Finnish sea areas.

The nominal power of the demonstration project is approx. 30 megawatts and the estimated annual production approx. 109 gigawatt hours. The investment will reduce carbon emissions by roughly 15 400 tons per year and its employment impact is 200–250 man-years.

Suomen Hyötytuuli’s Tahkoluoto offshore wind farm, piloted in 2010 and fully operational in 2017, is Finland’s first offshore wind farm and also the world’s first offshore wind farm in frozen sea conditions. The Tahkoluoto Extension project comprises forty over 15-megawatt wind turbines.

The estimated completion date of the Extension project is in 2027, and the annual production is expected to be 2000 gigawatt hours.

Related posts:

  1. Windar secures €50m to deliver Baltic Eagle contract
  2. Financing Dutch offshore wind
  3. Finland to significantly ramp up offshore wind power production
  4. OX2 to develop 1,400 MW wind farm offshore Finland

Filed Under: demonstration, Finance, Finland, Foundations, International News Tagged With: demo project, Finance, Finland, foundation


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