Eolus Vind, a Swedish wind power developer, has signed a deal with Finsilva, a Finnish landowner, to develop five wind power projects with a combined capacity of over 600 MW in Finland. The agreement stipulates that Finsilva will lease land to Eolus Vind, which will develop and implement the onshore wind projects. The wind farms will be located in central Finland and are expected to be operational from 2027 onwards. According to Eolus Vind, central Finland has favorable conditions for connecting wind power projects to the grid. The projects are currently in the early development phase and have the potential to be developed quickly.
Finsilva CEO Juha Hakkarainen emphasized the company's commitment to responsible natural capital utilization and the importance of working with competent and skilled partners like Eolus. The companies plan to contribute to the project in a revenue-sharing context, with Finsilva providing land infrastructure. The partnership between Eolus Vind and Finsilva is expected to be beneficial as their resources and competencies complement each other.
Eolus Vind CEO Per Witalisson expressed his excitement about the partnership with Finsilva and the opportunity to develop the projects. The company has a strong local organization in Finland with the capabilities necessary for taking the projects through development, permitting, and construction. Eolus Vind is engaged in the entire value chain of clean energy projects, from green field project development to construction and operation.
This announcement follows Eolus Vind's acquisition of the Øyfjellet wind farm in Mosjöen, Norway, last month. The project company, Øyfjellet Wind, will oversee the wind farm, which has an installed capacity of 400 MW and features 72 N149/5.X wind turbines from Nordex. Eolus Vind had approximately 3.7 GW of projects under development in Finland in 2022, with the majority being offshore wind projects. The five new onshore wind projects will be included in the company's project portfolio in Q2 2023.
