Euroports Group and Noatun project companies, jointly held by OX2 and Ålandsbanken Offshore Wind I LP, a fund managed by Ålandsbanken Funds Ltd, have signed a Letter of Intent (LoI) to establish Koverhar Harbour in Hanko as a key logistics hub for the construction of the offshore wind farm project Noatun North, including an option [...]

OX2's offshore wind project development continues to progress despite challenging market and regulatory conditions. The Environmental Impact Assessment (EIA) report for the Halla project, located in Finland's exclusive economic zone, has been completed and submitted to the competent authority. This marks the first EIA report for an offshore wind project in Finland’s economic zone. The [...]

The work is already in full swing in Korsnäs off the west coast of Finland where one of the most significant industrial projects in the country is in progress. To achieve carbon neutrality by 2035 and to enhance Finland's energy self-sufficiency, more electricity from renewable sources is needed. “Wind power, being a crucial energy source [...]

Seven potential connection points for offshore wind power have been identified in mainland Finland for the 2030s. These enable the connection of up to 9 gigawatts of offshore wind power capacity to the main grid. The identified connection points are located on the west coast and in Inkoo. The northernmost connection points, in the Kokkola [...]

Finland is on the brink of a major transformation in renewable energy with the development of its first industrial-scale offshore wind farm in Korsnäs, a small coastal community near Vaasa. This ambitious project, led by Vattenfall in collaboration with Metsähallitus, highlights Finland’s growing commitment to renewable energy and energy independence. With a projected capacity between [...]

Euroports Group and Port of Hanko Ltd have signed a Letter of Intent (LOI) to establish a Unique Wind Hub at the Port of Hanko port area in Koverhar. This initiative positions the Harbour, situated in the southernmost part of Finland, as a central place in the offshore wind supply chain, tackling the critical issue [...]

Skyborn Renewables Offshore Finland Oy, which is planning offshore wind power off Kokkola, Pietarsaari and Uudenkaarlepy, approached about a thousand residents and property owners in the area in question in the form of a survey. The survey itself was carried out by the consulting company Ramboll Finland Oy. The residents' survey will clarify the thoughts [...]

On 23 November 2023, the Government adopted a resolution on launching an auction procedure concerning offshore wind power sites located in the public water areas of Finland.  The offshore wind power sites to be auctioned are located in public water areas governed by Metsähallitus in the regions of Ostrobothnia and North Ostrobothnia. The auction procedure [...]

Metsähallitus and Vattenfall have agreed to expand the Korsnäs Offshore Wind Farm project so that the new project area will allow for an increased capacity. Vattenfall became a Metsähallitus project partner for the Korsnäs Offshore Wind Farm project in December 2022 when it won an extensive international tendering process. In connection with the transaction, a [...]

The Finnish Government has granted survey permits for Ilmatar Offshore’s two new project areas, Bothnia and Bothnia West, in the Finnish Exclusive Economic Zone (EEZ). “This is a massive area that creates great potential for developing energy-intensive industries in neighboring areas,” says Anna Häger, Regional Manager at Ilmatar Offshore. Ilmatar Offshore has identified two new [...]

Suomen Hyötytuuli is developing an extension to Tahkoluoto offshore wind farm on the west coast of Finland. The wind turbines of at least 15 megawatts will be built in deeper waters than ever before in Finland. The company has now launched FEED (Front End Engineering Design) for Suomen Hyötytuuli’s own concept, which is the base [...]

Suomen Hyötytuuli is developing an extension to Tahkoluoto offshore wind farm on the west coast of Finland. The wind turbines of at least 15 megawatts will be built in deeper waters than ever before in Finland. The company has now launched FEED (Front End Engineering Design) for Suomen Hyötytuuli’s own concept, which is the base [...]

The preliminary surveys of Metsähallitus’ new offshore wind farm projects will proceed as planned for the autumn tendering process. During the summer, factors such as the constructability of the seabed in the Bay of Bothnia have been investigated. Last spring, Metsähallitus conducted a tendering process for the assessment the constructability of the seabed through seismo-acoustic [...]

The Ministry of the Environment is distributing a total of EUR 1.3 million to municipalities for studies on green transition projects, i.e. solar, wind, hydrogen or biogas projects. Jakobstad receives the largest grant of almost €190,000. - It concerns offshore wind power off Pietarsaari. We will receive the money for various types of studies, what [...]

On May 12, OX2 announced that an agreement had been signed with Ingka Investments for the sale of 49 percent of three offshore wind projects in Finland, with a potential capacity of about 6,000 MW. The deal was subject to customary competition merger filing approval. Merger clearance has now been obtained and the transaction has [...]

Helsinki, Finland - Metsähallitus, a state-owned enterprise responsible for managing state-owned land and water areas, has partnered with the Geological Survey of Finland (GTK) to conduct seabed soundings as part of its new offshore wind farm projects. This collaboration will provide crucial data for the construction and planning of the wind farms, as well as [...]

Metsähallitus has agreed with Skyborn Renewables to extend the Suurhiekka sea area reservation agreement for five years. The planned Suurhiekka offshore wind farm will be located in the municipalities of Oulu, Simo and Ii by the Bothnian Bay in Finland. The reservation agreement gives Skyborn Renewables the exclusive right to continue the surveys in the [...]

The municipality of Hailuoto has approved the zoning initiative for an offshore wind farm in the Eastern area of Seljänsuunmatala, on the west coast of Finland. Metsähallitus has submitted zoning initiatives for a total of five offshore wind projects to local municipalities. Decisions on the project development and sales order will be made later this [...]

Raahe has approved the zoning initiatives for two offshore wind farms submitted by Metsähallitus. The offshore wind farms are planned in the areas of Pyhäjoki-Raahe and the western part of Seljänsuunmatala, on the west coast of Finland. Metsähallitus has submitted zoning initiatives for a total of five projects to local municipalities. Decisions on the project [...]

Ilmatar Offshore has been granted a seabed survey permit for the new 1.2 GW offshore wind project area Vågskär in the Finnish Exclusive Economic Zone (EEZ). Ramboll Finland is contracted for the environmental impact assessment, and studies are underway. Ilmatar Offshore has identified a new 367 km2 offshore wind area in the Finnish exclusive economic [...]

Suomen Hyötytuuli Oy was granted EUR 30 000 000 for an offshore wind power investment in Tahkoluoto, Pori. The investment project would involve two offshore wind turbines located in deeper waters than the offshore wind turbines previously built in Finnish waters. The Ministry of Economic Affairs and Employment has granted investment aid totalling €108 730 [...]

OX2 and the Bank of Åland’s fund management subsidiary Ålandsbanken Fondbolag, which are developing the Noatun North and Noatun South offshore wind power projects near Finland’s Åland archipelago in the Baltic Sea, have initiated a feasibility study for the planning and establishment of a “Mega Grön Hamn” (Mega Green Port) with a location coexisting with [...]

Metsähallitus and Suomen Hyötytuuli have signed an access right contract by which Metsähallitus leases the public water area off the coast of Pori Tahkoluoto to Suomen Hyötytuuli for wind power production. The agreement is the first long-running access right contract for public water area designated for wind power production. “Suomen Hyötytuuli is a pioneer in [...]

OX2 has initiated the development of the offshore wind farm Tyrsky in the Gulf of Bothnia in the Finnish economic zone. The project that is estimated to have a total installed capacity of 1,400 MW and will be included in OX2’s project development portfolio for the first quarter, 2023. OX2 received a research permit for [...]