Arise’s Finnish subsidiary Pohjan Voima has entered into a co-operation agreement with Finsilva, one of Finland’s largest landowners to develop 500MW of new wind and solar projects, which may also include battery storage.
Three of Pohjan Voima’s current wind farm projects are located on land partially owned by Finsilva in Karstula, Keuruu and Parkano.
In deepening their co-operation, Pohjan Voima and Finsilva have identified five new project areas.
The projects will be included in Arise’s portfolio as early-stage projects.
Per-Erik Eriksson, chief executive of Arise said: “We are delighted to announce this co-operation agreement between Pohjan Voima and Finsilva.
“This partnership marks another milestone in our growth strategy, adding 500MW of new greenfield early-stage projects to our portfolio, proving that we are on track to deliver on our 2025 portfolio targets.
“We are confident that Pohjan Voima will continue to utilise their expertise and develop these projects to ready to build stage, boosting our platform in Finland and contributing further to the energy transition.”