Finnish investor Korkia and renewable energy developer Solmar Consulting have entered into an agreement to develop 1GW of solar capacity in southern, western and south-western Finland.
Their joint development of dozens of solar parks is already underway, and the completion of the parks is estimated to take place 2025–2027.
“Finland is in sore need of more renewable energy and solar power offers a quick way to the production of it.
“These projects will help increase the amount of renewable energy in the summer season, in particular, as the production of wind energy is less at that time.
“At the same time, solar energy production also helps Finland’s electricity mix and enables the increasing of the country’s self-sufficiency in electricity, said Petri Haataja, Korkia’s Vice President, Joint Venture Management.
There are more than 20 projects in the pipeline, with unit sizes of 40-100 MW.
A nominal 1GW of solar energy can produce approximately 1TWh of power in a year.
One of the projects underway is in Kristiinankaupunki.
“It is great to work together with another domestic developer to increase renewable energy production in Finland.
“Solar parks also create new opportunities for local industry and investments, as businesses find their way to the vicinity of renewable energy production.
“At the same time, we are able to create steady profits for landowners when they rent their lands and let the lands become solar power production sites.
“Cooperation with municipalities and landowners is an important part of our way of working, said Lauri Solin, who is in charge of Solmar’s project development.
Annual solar irradiance in southern Finland is the same level as in Central Europe.