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Valorem and Octopus Energy Investments (OEI) have entered into a joint venture for the construction and operation of 71.4MW of wind capacity in Finland. The deal covers two wind farms in the south-west of Finland called Saunamaa and Suolakangas.
While maintaining a minority stake, Valorem will manage construction and operation of both wind farms through its subsidiaries Valrea, Valemo and its local partner Megatuuli. Seventeen Vestas V150 4.2 MW turbines will be constructed with total expected annual generation of 280GWh. These assets represent an investment of € 80 million and the wind farms are expected to be in commercial operation by late 2020.
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