PRESS RELEASE 8.9.2017, draft

The Sarvankangas wind farm in Raahe completes TuuliWatti’s extensive investment programme – next focus on the Nordic countries

TuuliWatti Oy, a leading wind power operator in Finland, has completed its multi-year investment programme. The completion of the EUR 650 million investment programme reduces annual energy imports to Finland by approximately EUR 40 million and emission trading costs by approximately EUR 4 million. Sarvankangas, which is the last wind farm to be commissioned in the programme, brings the company’s production capacity to 1.4 terawatt-hours. TuuliWatti’s total annual production roughly corresponds to the total electricity consumption of lighting in Finland. The company plans to expand its wind power construction also to other Nordic countries.

“We are looking forward to competitive tendering of renewable electricity in Finland, which will reveal the actual production costs of renewable electricity. At the same time, we are preparing for the technology-neutral and market-driven time when different production methods are no longer promoted by subsidies,” says Jari Suominen, Managing Director at TuuliWatti, and continues: “Having completed our extensive investment programme, the natural next step is to expand our operations to other Nordic countries and to Arctic wind power in particular.”

Arctic wind power is a Nordic strength – network construction requires cooperation

While Arctic wind power is a Nordic strength, its wider utilisation calls for new kind of thinking and cooperation between the Nordic countries. To best utilise the increasingly cost-efficient wind power, grid construction requires cross-border cooperation between the Nordic countries. “With Nordic cooperation, we can make sure that we can produce clean renewable energy with lower costs than our competitor countries to support our well-being. In the future, Nordic wind power can also provide energy to all of Europe,” Jari Suominen concludes.

Hilla, Milla and twelve other children in Raahe have namesake wind turbines

The V126 find turbines installed in Sarvankangas were delivered by Vestas Wind Systems. Their rated power is 3.45 MW and hub height 137 metres.

In accordance with TuuliWatti’s tradition, the new wind turbines will have local namesakes; they will be named after the most recently born local children. The following children will become “godparents” to wind turbines in the opening ceremony that takes place today: Hilla, Milla, Noel, Senni, Anttoni, Niilo, Eemi, Luukas, Jeea, Enna, Adette, Minja, Väinö and Veeti. TuuliWatti’s wind turbines already have 130 young godparents across Finland.

For more information, please contact:

TuuliWatti Oy, Jari Suominen, Managing Director, +358 10 557 2371, jari.suominen@tuuliwatti.fi

TuuliWatti is an associated industrial wind power company jointly owned by energy company St1 Ltd and S-Voima Oy belonging to retail cooperative S-Group. S-Voima is owned by SOK and local co-operatives. Established in 2009, TuuliWatti is a leading wind power operator in Finland. In 2016, it produced 25.4% of all wind power in Finland. With a focus on expertise and modern wind power technology, TuuliWatti’s objective is cost-efficient wind power construction. www.tuuliwatti.fi

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