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Fortum and German subsidiary Uniper on Wednesday unveiled plans to build two wind farms in Finland with a combined capacity of 380 megawatts (MW), marking the first project under their joint renewables strategy in Europe.

The total investment for the two parks stands at about 360 million euros ($407 million), of which 216 million, or 60%, will be borne by Fortum, which will hold the same share in the projects, with Finnish energy firm Helen Ltd owning the rest.

“This is our first joint renewables project with Fortum and it marks a major milestone,” said Frank Possmeier, Executive Vice President of Fortum’s and Uniper’s joint wind and solar businesses.

Construction of the onshore parks, to be located in Naerpes, is planned to start in January, and they are expected to be fully operational in the second quarter of 2024 at the latest.

[Christoph Steitz]

More: Fortum, Uniper to build first joint wind parks in Finland

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