A joint venture between Vattenfall and Metsähallitus has been formed to construct and run a 1500MW offshore wind farm in Finland.
The project was chosen in the first of several worldwide offshore wind tenders to be conducted by Metsähallitus, which oversees the land and water regions of the Finnish state. The project is situated in Korsnäs off the west coast of Finland.
With an anticipated investment value of €2–3 billion, the wind farm will start of operation in the early 2030s.
Helene Biström, Head of Business Area Wind at Vattenfall, said “We are very honoured to have been selected to develop Finland’s first large scale offshore wind farm.”
“We are looking forward to bringing our broad experience to the Korsnäs project, supporting Finland to reach their ambitious climate targets.”
Finland has set a goal to achieve net zero emissions by 2035, and Metsähallitus, the steward of state-owned land and water areas, is essential to reaching this target.
Juha Niemelä, Director General of Metsähallitus, said “We are very pleased to partner with Vattenfall, which presented strong experience on large-scale offshore wind projects together with sustainable business practices in addition to competitive commercial terms.”
“We are confident that this project will benefit the people of Korsnäs, the economic zone around Vaasa as well as the state of Finland.”
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