Friday, January 15, 2021
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Enefit Green enters Finland’s wind energy market

Enefit Green, Eesti Energia’s renewable energy subsidiary, completed its first wind farm development in Finland with the acquisition of the Tolpanvaara wind farm from Metsähallitus, the company that manages the Finnish state forest.

According to Aavo Kärmas, CEO of Enefit Green, the company is constantly looking for opportunities to grow its renewable energy portfolio in the countries around the Baltic Sea, including Finland.

“The development of Tolpanvaara is a well-located ready-to-build project,” he said. “In addition, expansion to Finland is supported by a good local investment climate and a stable market situation.”

According to him, the next step is to announce the procurements necessary for the construction of the wind farm.

“Within the framework of the Tolpanvaara project, we are open to cooperation with partners and large electricity consumers who are interested in concluding a long-term renewable electricity purchase agreement,” Mr Kärmas confirmed.

“We are pleased to see remarkable international player Enefit Green coming to Finnish energy market,” added Tuomas Hallenberg, the Director of Real Estate Development at Metsähallitus. “Moreover, it is great that yet another wind farm we have developed is coming to fruition.”

The Tolpanvaara wind farm is going to be located in a relatively remote place with good wind conditions, between the forests belonging to Metsähallitus. Up to 22 wind turbines can be installed on the farm and its total capacity will reach up to 100 megawatts (MW). The increase in renewable energy production will contribute to Eesti Energia’s strategic goal of producing 43 per cent of electricity and heat from renewable sources in 2024.

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