Nordex won a contract to deliver and install nine turbines for a wind farm in southwest Finland, the first deal under an agreement struck with Helsinki-based fund manager Taaleritehdas Oy to finance wind projects in Finland. Construction on the project, with 21.6 MW capacity, will begin in the spring of 2013, Nordex said in a statement.
“This is a further key order for our N117 turbine,” said Lars Krogsgaard, chief sales officer of Hamburg-based Nordex.
Under the June 29, 2012 agreement with Taaleritehdas, as many as 111 turbines will be shipped and installed by Nordex in projects financed by the fund manager across Finland, with total capacity seen at 260 MW. That would be more than the installed wind power capacity of 197 MW in Finland as of the end of 2011, according to the Finnish Wind Power Association.
Finland plans to produce 38 percent of its power from renewable energy by 2020, up from 32 percent now.
Sources: Reuters, Nordex, Finnish Wind Power Association
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