TuuliWatti , jointly owned by St1 Oy and the S-Group S-Voima Oy, is to invest 400 million euros over the next few years in industrial generation of wind power. The investment programme will start this Summer with the construction of the Simo wind farm.
Scheduled for completion by the end of the year, the 18 Megawatt wind farm will represent a ten percent increase in Finland’s wind power capacity. Projects of a similar size are planned for commencement in other parts of the country, such as in Ii, Tervola, Virolahti, Salo and Pori.
Finland’s official target is to reach a 6 Terawatt hour annual wind power production level by 2020. This would mean that already within less than ten years some six percent of Finland’s total electricity would be generated by wind power.
TuuliWatti plans to be one of Finland’s largest industrial generators of wind power.
— In the next few years we are prepared to invest around 400 million euros in wind farm construction. When our plans are implemented we will be capable of generating at our highest capacity up to a fifth of Finland’s total wind power, explains TuuliWatti Oy’s CEO and St1 Oy’s Manager of Renewable Energy Jari Suominen.
Being built beside the main road from Oulu to Kemi, the 30 million euro wind farm will generate enough electricity for 11,000 households. The investment programme will continue with wind farms to be built in Ii and Tervola which should be in operation by the end of 2012. TuuliWatti’s total planned investment in Northern Finland is around 100 million euros.
TuuliWatti to invest 400 million in wind power generation