ABO Wind Oy enters into long-term wind power purchase agreement with Gasum

(Helsinki, 24 September 2020) ABO Wind Oy and Gasum Oy have entered into a long-term agreement on wind farm output. Under the ten-year Power Purchase Agreement (PPA), Gasum will begin to sell renewable wind power produced in North Ostrobothnia to its customers starting in 2023. The agreement will enable the partners Gasum and ABO Wind to increase the availability of renewable Finnish energy and at the same time more wind power will be built in Finland. Domestic wind power will increase Finland’s self-sufficiency in electricity generation.

The agreement covers a 9-turbine wind farm of Nordex N149 turbines with a total output capacity of around 40 megawatts built by ABO Wind Oy and planned to be commissioned in 2022 in Kestilän Kokkoneva in North Ostrobothnia. Gasum will acquire around 100 GWh of energy a year. The wind farm production capacity can generate wind power for example for some 50,000 two-room apartments.

"We’re pleased to enter into a long-term PPA with ABO Wind Oy. Wind power is a clean and renewable form of energy, which has a key role to play in meeting growing energy needs and curbing global warming. We want to provide the most comprehensive services on the energy market and to make it easy for our customers to operate on the energy market and to offer our customers renewable Finnish electricity," says Kimmo Rahkamo, Vice President, Gas and power sales, Gasum.

"We are happy to conclude a PPA with a strong partner such as Gasum. Thanks to Gasum’s long-term commitment, we have a solid financial basis for realising our project Kokkoneva," says Aapo Koivuniemi, Managing Director of ABO Wind Oy. "The remuneration system in Finland has changed and PPAs provide us with the opportunity to plan, finance and build wind farms under the new conditions."

Gasum sells renewable electricity generated by hydro, wind or solar power or bioenergy to its customers. The company is also a major actor in the wind power segment and strives to increase acquisition of renewable wind power also look ahead. Gasum also provides diverse energy market expert services, like electricity market portfolio management and market reporting services, guarantees of origin services for electricity, expert services for emissions trading and 24/7 control room services for electricity balance risk management. The company offers also biogas and natural gas for industry, maritime and road transport. Gasum helps customers to reduce their own carbon footprint and that of their customers.

ABO Wind Oy is a subsidiary of ABO Wind AG, which initiates wind and solar projects, acquires site locations, organises all technical and business planning, arranges international bank financing and delivers turnkey wind farms and solar parks. To date, ABO Wind AG has sold wind and solar farms with a total capacity of more than 3,000 megawatts. The company develops projects in 16 countries and finds unique solutions to the specific challenges in each market. Since 2013, the subsidiary ABO Wind Oy has been active in Finland and has already connected 29 turbines with a total capacity of almost 100 megawatts to the grid. It has successfully developed and sold projects rights of more than 210 megawatts. ABO Wind Services Oy takes care of the operational and commercial management of turbines.