Energy, Automobile, EV, Renewable News | Kinect Energy Services helps Finland achieve key sustainability milestone

Kinect Energy Services helps Finland achieve key sustainability milestone

July 4, 2022

The new Nuolivaara wind farm, which is scheduled to get operational within 2022, will serve as a key milestone in Finland’s long-term sustainable energy program. A route-to-power purchase agreement (PPA) paved the way for the development of the wind project located in Nuolivaara, Finland – the first of its kind located north the Arctic circle.

The project is an extension of a partnership between energy and sustainability solutions provider, World Kinect Energy Services (WKES), and renewable energy developer and operator, wpd Europe (wpd).

It’s the second PPA between the two parties and follows the development of the 188 MW Karhunnevankangas wind farm in the Österbotten region of western Finland last year.

Located 25km northeast of Kemijärvi, Finland, the new wind farm will generate a total capacity of 96.9 MW, reinforcing the nation’s commitment to providing renewable energy solutions.

The completion of the project will coincide with the activation of the broader partnership between the two parties, which will see WKES route the physical output of the wind farm and nominate baseload volumes to the wind farm off-takers.

WKES will manage the residual power output according to pre-defined bespoke strategies towards the Nordic electricity exchange traded market, while also acting as Balancing Responsible Party for the wind farm.

All BRP services related to production, consumption and bilateral trade will be delivered by WKES, who will also have responsibility for the associated REMIT reporting.

Ben Bisenius, Head of PPA Origination at wpd, said: “The Nuolivaara wind farm project is our sixth in Finland and strengthens our commitment to growing renewable energy within the Finnish energy market.

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