Shift to wind farm operation marks key milestone for Renewable Power Capital since its inception in December 2020
29 March 2023 – LONDON 0800
Today, OX2 and RPC announce the handover of the Rustari and Puutikankangas wind farms in Finland to RPC. The construction of these wind farms began in early 2021, and now that construction is complete, RPC will commence operation of the wind farms as they export power to Finland’s grid.
The Rustari and Puutikankangas handovers follow the transfer of the 15-turbine Merkkikallio wind farm to RPC last month.
Rustari wind farm, which is located in Kurikka city in the region of South Ostrobothnia, has an installed capacity of 44 MW and comprises 8 turbines. The operational wind farm has an estimated yearly production of about 160GWh, which corresponds to the electricity consumption of around 32,000 households. Puutikankangas wind farm is also in operation and similarly has an estimated yearly production of about 150GWh. It has an installed capacity of 44MW, which equates to the electricity consumption of about 30,000 households.
RPC entered the market to accelerate the growth of renewable energy across Europe through long-term investment. A core part of its strategy is owning and managing the renewable energy projects it invests in over the long term, creating value over decades rather than just months.
Bob Psaradellis, CEO of Renewable Power Capital, said: “The change in responsibility from investor to operator marks a significant milestone for us. We are looking forward to playing a long-term and positive role in the communities we invest in, while bringing more renewables to Finland’s grid. Today we are proud to deliver clean, green, and affordable power to Europe.”
Notes to Editors
The Puutikankangas wind farm, in the municipality of Sievi in the North Ostrobothnia region, and the Rustari wind farm, in Kurikka city in the region of South Ostrobothnia, comprise 8 turbines each.
The Merkkikallio wind farm transfer was announced on 17 February 2023. Merkkikallio is in the city of Vaasa. The estimated production of the 15-turbine windfarm is 280GWh, which corresponds to the electricity consumption of around 56,000 households. It has an installed capacity of 82.5MW
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