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Home BUSINESSFinland to sell 2 wind power projects to UK Company
Fri, 06 Sep, 2013 02:53:26 AM
FTimes-STT Report, September 6
File picture of Fortum's power Ingå. Photo Lehtikuva
The biggest power generating company of the country Fortum and the forest management agency Metsähallitus are going to sell two wind power projects to a British company.
Fortum and Metsähallitus have signed agreement with the British company Impax Asset Management to sell the renewable energy projects located at Kittila and Sodankylä in Lapland, companies sources said.
Under the agreement 17 wind power turbine parks with 50 megawatt power generation capacity would be built at Kittila while eight to 10 wind force turbine parks having the generation capacity of 25 megawatt would be set up at Sodankylä and Jjoukhaisselkäs areas.
 These projects, however, are yet to procure permission and the British company buying them would be responsible for getting the permissions in this regard, according to the terms and condition of the agreement.
 The head of the renewable energy unit of Fortum, Matti Ruotsala said that the company is going to sell the wind power projects so that it could concentrate to other renewable power generation projects.
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