Copenhagen Infrastructure Partners (CIP) and Myrsky Energia have recently announced a strategic partnership aimed at developing over 1800MW of onshore wind power in Finland. This collaboration signifies a significant step towards Finland’s goal of becoming a frontrunner in the European energy transition and will play a crucial role in achieving the country’s carbon neutrality target by 2035, according to CIP.
CIP’s investment strategy aligns with its commitment to pursue projects that can drive substantial advancements in scale and pace of development, effectively meeting the ambitious targets set by governments. The extensive portfolio of wind projects not only supports Finland’s net-zero ambitions but also enhances energy security and contributes to the growth and transformation of local communities by generating employment opportunities and additional tax revenues, asserts the investor.
This landmark partnership marks CIP’s first foray into onshore wind power investments in the Nordic countries. Nischal Agarwal, a Partner in CIP, expressed confidence in Finland’s potential for large-scale onshore wind projects and commended the country’s dedication to decarbonization and achieving energy security. Agarwal also expressed excitement about collaborating with Myrsky, a leading renewables developer in Finland, and leveraging their combined expertise to contribute to Finland’s energy transition.
Tuomas Candelin-Palmqvist, entrepreneur and founder of Myrsky, conveyed his delight in joining forces with CIP to expedite the realization of Myrsky’s wind power projects in the coming years. Candelin-Palmqvist emphasized Finland’s unique onshore wind energy potential on a global scale, which can effectively generate renewable electricity. Furthermore, he highlighted how green energy investments can create significant business opportunities, promote local welfare and employment, and enhance energy security. Candelin-Palmqvist characterized renewable energy as the emerging welfare industry for Finland.
Through the partnership between CIP and Myrsky Energia, Finland is poised to make substantial strides in its transition to a sustainable energy future. The development of onshore wind power will not only contribute to Finland’s carbon neutrality objectives but also foster economic growth, job creation, and local empowerment. With a strong commitment from both partners and a shared vision, Finland’s energy landscape is set to undergo a remarkable transformation, solidifying its position as a leader in the clean energy transition.
