Taaleri Energia signs an extensive wind power agreement with Fortum

As a result of a competitive process organised by Taaleri, Fortum will purchase the entire annual wind power production from Taaleri’s portfolio in Finland. The total installed capacity of the portfolio is 312 MW, and its annual output approximately 1 TWh, which represents around 1.5 percent of Finnish electricity production in 2017.

“We have been systematically building our strategy in renewable energy. As a result of our cooperation, we are able to combine Taaleri’s significant expertise in renewable energy with Fortum’s extensive knowledge of the Nordic electricity market,” says Taaleri Energia's Production Manager Olli Hagqvist.

Under the agreement, Fortum will commit to buying the wind power produced by Taaleri’s portfolio consisting of 13 wind farms, and to selling it on the Nordic electricity market via the NordPool electricity exchange.

“Taaleri’s wind power portfolio is amongst the largest in Finland, as is the wind power purchase and balancing agreement that has now been concluded. We will assist Taaleri in getting the emissions-free power onto the Nordic electricity market. At the same time, this will support the development of our own expertise in wind power,” says Saara Rantanen, Originator at Fortum.

“As a result of the agreement, we will be able to support Fortum in a meaningful manner in its aim of increasing its share of electricity produced using renewable energy in the Nordic electricity market. Our production of renewable energy will reduce the amount of carbon dioxide emitted into the atmosphere,” adds Olli Hagqvist.

Taaleri Energia is focused on development and long-term ownership of renewable energy assets and a subsidiary of Taaleri Plc. Taaleri Energia is an energy infrastructure developer and investor, managing energy infrastructure assets over their entire lifecycle.

The number of Taaleri’s international projects and investments is growing. Currently Taaleri Energia manages a 750 MW portfolio of renewable energy assets under construction and in operation in Finland, Serbia and Jordania.