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    Renewable Power Capital and Aurinkokarhu partner to develop 1GW of solar in Finland

    Renewable Power Capital (RPC) and Aurinkokarhu have forged an agreement to jointly develop up to 1GW of solar projects in Finland. This signifies RPC’s inaugural solar venture in Finland, a pivotal market for the company. With this collaboration, RPC expands its Nordic portfolio by integrating developmental projects.

     

    The initial projects are anticipated to attain readiness for construction by 2026, with operational commencement slated for 2028 onwards. RPC already boasts 170MW of operational wind power and 50MW of battery storage projects under construction in Finland. Aurinkokarhu, founded by two energy entrepreneurs in Finland, stands as a pioneering entity in the swiftly expanding Finnish solar sector.

     

    CEO at RPC, Kevin Devlin, commented “We made our first investment in Finland when RPC was set up and it remains a priority market for RPC.”

     

    “It’s an exciting time to enter this fast-growing sector with such an established development partner as Aurinkokarhu, there’s huge potential for solar power in this region and we look forward to working with them to support the Nordic energy transition.”

     

    CEO at Aurinkokarhu, Andreas Renfalt, added “This deal marks a significant milestone for us at Aurinkokarhu, and further strengthens our position as a leading PV developer in the Finnish market, as we have now secured a strong and experienced partner for utility-scale PV projects.”

     

    “With our combined expertise and resources, we’re confident that we can make a meaningful impact on the future of PV in Finland.”

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