EuropeRenewables

Neoen signs 126 MW wind PPA in Finland

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Neoen has signed a new power purchase agreement with the consortium formed by Heineken, Philips, Signify and Nouryon.

This ten-year contract covers a capacity of 126 MW. The future Mutkalampi wind farm in Finland, co-developed with Prokon and owned by Neoen, is to generate electricity and guarantees of origin.

The park encompasses the regions of central and northern Ostrobothnia in western Finland. The total park capacity initially announced at 250 MW will be increased to 404 MW, making it one of the largest in Finland. The PPA with Heineken, Philips, Signify and Nouryon is expected to begin in the third quarter of 2023. With this latest wind farm, Neoen’s installed capacity in Finland will be more than 500 MW.

“Having already signed two power purchase agreements with Google in Finland, we are delighted to demonstrate once again the competitiveness of our wind energy offer in this country. This new agreement with a consortium of four major Dutch groups allows us to expand our industrial customer base while demonstrating our ability to conclude pan-European contracts, We are convinced that Finland has significant growth potential in renewable energy and we will be actively pursuing our development, both to help reach the country’s target of zero net carbon emissions by 2035 and for the benefit of all our European customers.”

Xavier Barbaro, Neoen’s chairman and CEO.
Nedim Husomanovic

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