Vattenfall has entered into a joint venture with Metsähallitus to build and operate Finland’s first large offshore wind farm. Planned off Finland’s west coast off Korsnäs, the project will have a capacity of 1.3 GW and a potential annual production of 5 TWh. “Vattenfall is recognised developer of offshore wind power in Europe. We are pleased to have been selected to develop Finland’s first large-scale offshore wind farm at sea,” the company said in a press release.

2030 climate targets

The estimated investment value of the project comes to around 2 to 3 billion Euros. The wind farm is expected to be operational by 2030. Once Korsnäs wind farm is operational, it will produce renewable energy equivalent to the annual consumption of more than 2 million flats or the annual consumption of about 250,000 electricity-heated individual homes in Finland.

“We are very happy to cooperate with Vattenfall, which has extensive experience in large-scale offshore wind projects and sustainable business activities in addition to competitive commercial terms. We are convinced that this project will benefit the people of Korsnäs, the economic zone around Vaasa and the Finnish government,” says Juha S. Niemelä, director general of Metsähallitus.

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