Suomen Voima and Taaleri Energia have signed 15-year PPA contracts which entitle Suomen Voima to a 400 GWh annual wind power procurement volume from the upcoming Posio and Siikajoki wind farms which are to be built through Taaleri SolarWind II fund. The wind farms will consist of 42 Vestas V162 turbines which will provide 675 GWh of annual electricity production. Through the PPA contracts, Suomen Voima will acquire approximately 60 % of the farms’ annual electricity production. The power delivery is scheduled to begin after the farms have been built in the beginning of 2023.
Suomen Voima’s owners which have been involved in the project and who will receive the electricity are KSS Energia Oy, Porvoon Energia Oy, Keravan Energia Oy, Paneliankosken Voima Oy, Lammaisten Energia Oy and Kokemäen Sähkö Oy.
”From our company’s point of view, the agreement is significant and supports our strategic goals to increase and diversify the procurement of emission-free electricity for our owners”, comments CEO of Suomen Voima Antti Vilkuna.
“The signed PPA contracts with Suomen Voima are an indication of excellent co-operation with which we jointly support Finland’s carbon neutrality goals. Naturally, we are also proud of the vitality that our investments will bring to Finland, which these agreements are helping to enable”, says Kai Rintala, CEO of Taaleri Energia.
Taaleri Energia is a Finnish renewable energy project developer and fund manager. The company has one of the largest wind and solar investment teams in Europe and consists of a total of 38 professionals. The team is currently investing in a fifth renewable energy fund, the SolarWind II fund. Taaleri Energia manages a 2,8 GW wind and photovoltaic portfolio in Europe, the United States and the Middle East. Taaleri Energia is part of the Taaleri Group, which is listed on the Nasdaq Helsinki Stock Exchange.
“The PPA contracts are the first of its kind for our company and will more than double our current electricity procurement. Contract negotiations have also been an educational process and co-operation with Taaleri’s professional staff has been constructive and proficient”, praises Pekka Saijonmaa, Suomen Voima’s director of development.
The electricity procured through the PPA contracts will be operated through Suomen Voima’s subsidiary SV Power Procurement Oy.
Attorney Hanna Tuominen from Mäkitalo Attorneys Ltd has been working as the contract lawyer for Suomen Voima.
For further information:
Antti Vilkuna, CEO, +358 44 0220 919, firstname.lastname@example.org
Pekka Saijonmaa, Director of Development, +358 50 378 8364, email@example.com