Renewable energy company Ilmatar Energy has started construction of onshore wind farm in Finland.
The Alajarvi wind project is located in central Finland and will encompass 36 wind turbines with a total nominal capacity of 216MW. Commercial operations are targeted to begin at the end of 2023. The Alajarvi wind farm will be a significant wind power asset in the Nord Pool area and one of the largest unsubsidised wind farms in Europe.
“In less than two years, we have delivered investment decisions for over 500MW of new wind projects in Finland, which is a solid testament to both the transaction and financing capabilities as well as the construction management capabilities of Ilmatar Energy,” Juha Sarsama, CEO of Ilmatar Energy, said in a statement.
Ilmatar plans to continue to own the wind farm throughout its operational life of 35 years in line with its IPP strategy.
The Kansai Electric Power owns 49 percent of shares in the Alajarvi wind project. For Kansai, the project marks a second investment to an Ilmatar constructed wind farm.
“As stated in the Kansai Electric Power Group “Zero Carbon Vision 2050”, Kansai is committed to promoting energy businesses that contribute to achieving a zero-carbon society,” said Mikio Matsumura, Executive Vice President of Kansai.
Ilmatar Energy also constructs three other onshore wind farm sites in Finland and prepares several other large-scale wind power projects across Finland. For two onshore wind projects under construction in Finland, Voimamylly (25.8MW) and Rasakangas (48.0MW), Ilmatar intends to remain the sole owner of the projects.