Nordic utility Gasum has signed a ten-year PPA with Renewable Power Capital (RPC) to buy the majority of the output from the 44MW Rustari onshore wind farm.
The Rustari wind farm is located in the municipality of Kurikka, in the Southern Ostrobothnian region of Finland.
It contains 8 turbines and is expected to be operational in early 2023, delivering electricity to Gasum later that year.
For Gasum, this deal will provide secure, long-term capacity to offer their electricity customers renewable energy.
It also represents part of their broader sustainability strategy for promoting a carbon-neutral future.
The deal is the third wind energy PPA signed by RPC in the region this year and represents the growing presence of RPC in the Nordic region as part of their Europe-wide strategy.
RPC commenced construction on the project & secured construction financing prior to the PPA.
RPC chief executive Bob Psaradellis said: “This deal allows us to continue to contribute to the growth of reliable wind energy in Finland, delivering cleaner, greener electricity to its households and businesses.
“Long-term partnerships with market experts like Gasum are a key part of our strategy to accelerate Europe’s decarbonisation journey.”
Gasum senior vice president for portfolio management & trading, Anders Malm added: “With this agreement we continue building our portfolio of renewable wind power to support our customers with cleaner energy solutions.
“By increasing the volume with renewable wind power, we will continue helping our customers finding the best energy mix to reduce emissions.”