Vattenfall has signed a five-year energy services agreement with Finnish company TuuliWatti that includes the latter’s total wind power production in Finland.
The agreement, which started on 1 January, entails forecasting, trading and balancing services for TuuliWatti’s total wind power production in Finland.
Currently, the company’s wind portfolio has an installed capacity of 441MW and annual production of approximately 1.3 terrawatt-hours, which is about 20% of Finland’s annual wind production in 2019.
Vattenfall business area markets Nordic origination director Johan Hagsten said: “The agreement with TuuliWatti is fully in line with Vattenfall’s ambition to become a leading provider of renewable energy services to corporate customers in Europe.
“This deal is an excellent match to our existing portfolio and a major step for Vattenfall to enter into the Finnish energy services wind power market.”
TuuliWatti director Tuomas Candelin-Palmqvist said: “Vattenfall offered the most cost-efficient solution to handle our wind production imbalance risk.
“The agreement also includes a new completed wind farm ‘Ii Viinamaki’, which was the first non-subsided wind investment in Finland.”