World Kinect Energy Services has entered into a Route-to-Market power purchase agreement (PPA) with wpd for the Finnish wind farm project Karhunnevankangas, wpd europe’s largest onshore wind project in Europe to date. With this project, World Kinect will continue to deliver value to renewable energy developers as well as customers seeking to further their transition into renewable energy.
Once the project is complete in 2022, it will generate a total capacity of 188 MW in the Österbotten region of western Finland.
World Kinect Energy Services secured the contract due to its experience in the region and the energy market, as well as its competitive terms. During the tenure of the deal, it will act as a partner responsible for routing the physical output of the wind farm, and dynamically route and shape the power output towards market, as well as wpd’s Finnish customers.
The 188 MW Karhunnevankangas wind farm will be built with 33 Nordex turbines of 5.7 MW and produce close to 600 GWh of CO2-free power per year when finished at the end of 2022. wpd europe already has four wind farms in the country through its national company wpd Finland Oy with a pipeline of approximately 1,000 MW of projects in various stages.
Ben Bisenius, responsible for PPAs at wpd, said: “The Karhunnevankangas project shows how successfully wpd has established itself as a competent and reliable partner on the Finnish energy market, especially with regard to the direct marketing of projects with PPAs. We are pleased to have World Kinect Energy Services, an experienced company, at our side for the route-to-market power purchase agreement”.
As a leading energy management, energy supply, and sustainability company, World Kinect has supported the development and marketing of many onsite and utility-scale wind and solar projects, delivering value to project developers and to customers who are looking to invest directly into renewable energy while managing their price risk.
Therese Gjerde, Senior Director of Sustainability at World Kinect Energy Services, said: “We are excited to support wpd europe with our commercial services, which will help advance the transition to renewable energy in Finland. The deal reaffirms our support for developers and customers alike as they progress into the clean energy economy”.