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Up to 23 billion euros could be invested in wind power projects in Finland in the years to come, according to the Finnish Wind Power Association.
Up to 23 billion euros could be invested in wind power projects in Finland in the years to come, according to the Finnish Wind Power Association.

 

Investments of roughly 23 billion euros will be required to carry out the wind power projects that are currently afoot in Finland, reports the Finnish Wind Power Association.

The proposed wind farms have a combined capacity of roughly 15,500 megawatts, 13,000 megawatts of which would be generated by onshore and 2,000 megawatts by offshore plants. Municipal authorities have already granted building or zoning permits to wind farms with a capacity of 7,300 megawatts, more than triple the total wind power capacity of Finland in 2017.

If all of the proposals are shown a green light, the wind farms would reduce the need for electricity imports by over 66 per cent, according to a press release from the Wind Power Association.

“The number of wind power projects alone guarantees that the upcoming tendering process for renewable energy will be real and close. The tendering will determine the cost of producing renewable energy in Finland, now that the technology has taken a major leap forward this decade,” tells Anni Mikkonen, the chief executive of the Wind Power Association.

Talouselämä writes that permits for onshore wind farms have already been granted in Kajaani, Närpiö and Pyhäjoki, and those for offshore farms in Oulainen, Sodankylä and Uusikaarlepyy, for example.

The largest of the projects is a wind farm consisting of 76 turbines that is to be erected in Mutkalampi, Central Ostrobothnia, by Prokon Wind Energy Finland. Major projects are also afoot in Isojoki, Kristiinankaupunki and Kuusamo.

“In addition to electricity production, the investments will create unquestionable economic benefits in the surrounding regions in the form of real estate tax revenues, for example,” says Mikkonen.

The VTT Technical Research Centre of Finland believes the potential of wind power is much higher in Finland. It has estimated that wind resources could be harnessed to produce up to 300 terawatt hours of electricity a year, if the producers took full advantage of the best locations and latest technologies.

The capacity would be more than three times as high as total electricity consumption in the country in 2017.

Aleksi Teivainen – HT
Photo: Handout/Finnish Wind Power Association
Source: Uusi Suomi

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