Fortum has signed a significant multi-year agreement to buy and sell to the Nordic electricity markets the wind power produced by the financial services group Taaleri. The agreement term starts 1 April 2018.
Fortum won the tender round arranged by Taaleri for the purchase of the company’s entire annual wind power production in Finland. Taaleri’s wind power portfolio is the second largest in Finland.
Its total output is 312 MW and annual production about 1 TWh, which equates to about 1.5% of Finland’s annual electricity production in 2017.
According to the agreement, Fortum will purchase the wind power generated by the 13 different wind farms in Taaleri’s portfolio and sell it to the Nordic electricity markets through the Nord Pool electricity exchange.
“Taaleri’s wind portfolio is one of the largest in Finland, as is this newly signed wind power purchase and balance agreement. It is wonderful that we can help Taaleri to get the emissions-free wind power they generate to the Nordic electricity markets. At the same time, this supports the advancement of our own expertise in wind power,” says Saara Rantanen, Originator and B2B Sales, Fortum.
Buying Taaleri’s wind power production and selling it to the Nordic electricity markets aligns very strongly with Fortum’s targets to increase the share of electricity produced with renewable energy in the Nordic electricity markets and to reduce carbon dioxide emissions from energy production into the atmosphere. (Read Interview with Alok Kumar, Country Manager- India, DNV GL Energy)
“We have purposefully built our renewable energy strategy. Through our collaboration, we are able to combine Taaleri’s significant expertise in renewable energy with Fortum’s extensive knowledge of the Nordic electricity markets,” notes Olli Hagqvist, Production Manager, Taaleri Energia.