Korkia & Solmar Consulting Join Hands to Set up 1 GW Solar Projects in Finland

Dec 12, 2022 11:29 AM ET
  • The two companies are currently coordinating for the development of multiple solar parks, which remain in the works presently.

As of now, 20 projects are underway with unit sizes of 40-100 MW.

Finnish investment company in renewable resource, Korkia and also US-based designer of renewable energy, Solmar Consulting have actually joined hands for the establishment of solar capacity worth 1 GW in southerly, western as well as south-western Finland.

The two firms are currently complying for the growth of multiple solar parks, which remain in the works presently. The parks will certainly reach conclusion by 2025-- 2027 and also once concluded, they will certainly take care of the power demands of 52,600 electrically warmed single-family homes. As of now, 20 projects are underway with unit sizes of 40-100 MW.

"Finland remains in aching requirement of more renewable energy as well as solar power offers a quick way to the manufacturing of it. These projects will certainly assist enhance the amount of renewable resource in the summer season, specifically, as the manufacturing of wind energy is less during that time. At the same time, solar power production additionally helps Finland's power mix and allows the boosting of the nation's self-sufficiency in electricity," said Petri Haataja, Korkia's Vice President, Joint Venture Management.

Among these many projects that remain in the process of completion remain in Kristiinankaupunki, located in Western Finland.

"It is great to work together with another domestic designer to boost renewable energy production in Finland. Solar parks additionally develop new opportunities for local sector and also investments, as organizations discover their way to the location of renewable energy production. At the same time, we have the ability to create steady profits for landowners when they rent their lands as well as let the lands end up being solar energy production sites. Teamwork with districts and also landowners is a fundamental part of our way of functioning," claimed Lauri Solin, accountable of Solmar's project development.

"Despite the changing seasons, it pays to generate solar power in Finland also, because the yearly solar irradiance in Southern Finland, for example, is at the very same degree as in Central Europe. We wish to play a part in lasting power manufacturing, and I believe that utility-scale solar parks will certainly play a crucial role in raising the self-sufficiency of Finnish electricity manufacturing," added Jari Marttinen, Solmar's Executive Director.

This is the very first considerable financial investment by Korkia in the residential solar power field. The firm's renewable resource portfolio currently exceeds 6 GW. Beyond Finland, it has similar projects in Great Britain, Canada, Spain and also Sweden.

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