Neoen and renewable energy cooperative Prokon have signed a power purchase agreement (PPA) with data centre owner Equinix covering 57MW of output from a 95MW wind farm in Finland.
Under the 10-year agreement, Equinix will be the offtaker for 60% of the output and guarantees of origin to be produced by the future Storbötet wind farm in the Finnish municipality of Uusikaarlepyy, in the central region of Ostrobothnia.
Construction of Storbötet is scheduled to begin in 2023, with commissioning to follow in 2025.
The electricity generated from the wind farm will be injected into the national grid. Neoen owns an 80% stake in the project, the remaining 20% being owned by Prokon.
This is the third PPA signed by Neoen and Prokon with Equinix, preceded by the Lumivaara and Björkliden wind PPAs, both signed in the past 12 months.
The renewable guarantees of origin generated from the project will be allocated to Equinix’s locations in all five of the company’s International Business Exchange data centres in Finland.
The PPA signed with Equinix is partially indexed to market prices.
It is Neoen’s ninth corporate PPA in Finland since 2018.
This latest renewable energy PPA brings Equinix’s total capacity under long term contract globally to over 350MW.
Prokon has been active in Finland since 2011, with a wind power project development portfolio of over 900MW in advanced stages of development.
Jerri Loikkanen, Managing Director of Neoen Finland, said: “We would like to thank Equinix for their continued trust.
“We have now signed nine PPAs in Finland, three of which are with Equinix: this highlights our ability to support companies in their decarbonation strategies.
“As a leading actor in the Finnish corporate PPA market, we are adding new renewable plants in the country and are actively contributing to Finland’s energy independence and carbon neutrality. With our growing local team, we will further accelerate our development in our country.”