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Fortum makes investment decision to build 90-MW wind project in Finland

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Fortum makes investment decision to build 90-MW wind project in Finland

Fortum Oyj has made the final investment decision to begin construction of the 90-MW Kalax wind project in Närpes, Finland.

The Finnish state-controlled electric utility entered into an agreement with Vestas Wind Systems A/S to supply, install and maintain 21 turbines, according to a May 21 release. The contract also includes a long-term active output management service agreement.

Approved as part of the Finnish national renewables program in March, the project represents Finland's transition to an auction system from feed-in tariffs, according to a separate May 21 release.

The wind facility is expected to cost about €90 million with construction to start in summer 2019 and expected completion in the first quarter of 2021. Upon completion, the project is expected to generate about 300 GWh of electricity annually.

"We acquired the project rights in 2017 and have since then developed the project further in close co-operation with local stakeholders," said Mikko Iso-Tryykäri, Fortum's head of project development.