Ilmatar Energy has finalised the purchase of two Finnish wind projects from the German company Alterric Internationale Beteiligungs.
Up to 30 turbines with a combined nominal capacity of around 200MW will be built at Pahkakoski, in Ii, and five turbines with a combined nominal capacity of around 30MW will be built at Jäkäläkangas, in Karvia.
This transaction supports the strategies of both companies, with Ilmatar focusing on the Nordic renewable energy market and Alterric on the Central European market.
The procurement of the wind farms demonstrates Ilmatar’s ability to find and acquire sites to support our accelerating growth even in tight market conditions, said Juha-Pekka Weckström, CEO of Ilmatar.
The first part of the deal was finalised in the second quarter of last year, as the Jäkäläkangas project was transferred to Ilmatar’s ownership.
Ilmatar has already started the construction of Jäkäläkangas, with three other wind farms, expected to be completed in the fourth quarter of 2023.
In total Ilmatar is constructing 350MW of new domestic wind power generation.
The Pahkakoski project is permitted for construction and is being prepared for an investment decision.
The 30 turbines at Pahkakoski will form a renewable energy asset of a significant scale, with substantial implications for the regional economy, as well as for the green transition and Finland’s carbon neutrality goals.
“Together with the five turbines in Jäkäläkangas, these assets will produce almost 1% of Finland’s annual electricity consumption.
“Clean, carbon-free, and above all, domestic electricity,” said Erkka Saario, Vice President, Projects, at Ilmatar.