Vattenfall will build and operate Finland’s first massive offshore wind farm in a joint venture with Finnish state-owned forest and seabed management firm Metsähallitus, according to the statement. The facility to be built will meet a significant portion of Finland’s energy needs on its own.Finland is rapidly transitioning to renewable energy
Swedish company Vattenfall has won the Metsähallitus tender for offshore wind power to build the 1.3GW Korsnas project in the Gulf of Bothnia on Finland’s west coast, just 400km south of the Arctic Circle. The facility to be established within the scope of the project will cost 3.2 billion dollars and will produce 5 TWh annually. Vattenfall expects the wind farm to be operational in the early 2030s.
The annual amount of electricity produced by the facility will generate renewable energy equivalent to the annual consumption of more than two million apartments in Finland or the annual consumption of approximately 250,000 electrically heated single-family homes. By the way, the population of the country is around 5.5 million.
“We are honored to have been selected to develop Finland’s first large-scale offshore wind farm,” said Helene Biström, head of the wind business at Vattenfall. The Scandinavian country of Finland aims to be carbon neutral by 2035, and it looks like its state-owned Metsähallitus will play a key role in achieving that goal. The country is also greatly accelerating renewable energy projects to replace old Russian energy imports that were curtailed after the Ukraine war.
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