Ilmatar safeguards financing for 366MW Finnish hybrid project

• Developer has protected EUR20m from MEAE to build a 150MW solar farm beside its 216MW wind farm in Alajärvi

Finnish designer Ilmatar has actually protected state support to establish a 366MW renewable resource hybrid park.

The Finnish Ministry of Economic Affairs and Employment (MEAE) has actually given EUR20m in help to Ilmatar Energy for the wind-solar-battery park to integrated in the areas of Alajärvi and also Kyyjärvi.

Ilmatar is currently into the procedure of developing the park's 216MW wind farm in Alajärvi, which will host 36 wind generators.

The new project that was provided will add a new industrial-scale solar farm in the instant vicinity of the wind farm, which will certainly have a capacity of 150MW, plus a 50 megawatt hr battery.

On conclusion it will be the largest renewable energy hybrid park in Finland.

The total spending plan of the solar farm project is EUR97.8 m.

The Alajärvi wind farm, which will be developed under market problems as well as without subsidies, is an investment of EUR217m.

"We're very happy with the fact that the EU and MEAE are supporting Ilmatar Energy in this hybrid park project, which represents new reasoning, along with our national level objective of establishing a totally fossil-free energy system in Finland.

"This aid will allow us to execute the project promptly in one go and on a large scale," claimed Juha Sarsama, Chief Executive Officer of Ilmatar.

The hybrid park project will certainly take advantage of the electric framework built for wind power in the park area.

Along with its own personnel, Ilmatar Energy will also employ a significant variety of subcontractors from South Ostrobothnia, Central Finland as well as various other parts of Finland via the project.

The project planning phase will be gone for the start of 2023.