Fortum will build its first large-scale wind park in Finland, with a total capacity of just over 90 megawatts, the company said on Tuesday.
The Finnish company's project at the Kalax wind park consists of 21 wind turbines with 90.3 megawatts and an annual production of more than 0.3 terawatt-hours.
Denmark's Vestas will supply the turbines, and operate and maintain the park as per their agreement with Fortum.
Capital expenditure for the project is approximately €90 million.
Construction and civil engineering works will start this summer with the expectation that the wind park will be fully operational at the latest in the first quarter of 2021.
"We are extremely pleased to announce the start of construction of our first large scale wind park in Finland. This is a major step in implementing our Nordic wind strategy," said Joonas Rauramo, vice president of wind generation at Fortum.
Based on its strategy, Fortum will continue to build on its long-standing expertise to grow in carbon free power generation.
In solar and wind, the company aims to increase its solar and wind portfolio to a multi-gigawatt scale.
Fortum's business model in renewables consists of the development, construction, and asset management of solar and wind assets.
By Murat Temizer