Subsidies-Free Wind Farm Order for Vestas in Finland

Wind Industry Profile of

Underlining wind energy’s position as the cheapest source of energy in many markets around the globe, Vestas has secured an order from CPC Germania for the 50 MW Lakiakangas II wind park, which will be financed without any state subsidies.

Located in Isojoki in the Southern Ostrobothnia region of Finland, Vestas has together with CPC Germania developed a wind energy solution tailored to the site’s specific wind conditions that features 12 V150-4.2 MW turbines with a 135-meter hub height, which optimise annual energy production and offer the lowest cost of energy. CPC Germania has signed a long-term power purchase agreement (PPA) with a third party that enables the wind park to be financed without any state subsidies at all. ”We are... ... More: Official Press Release Vestas

Keywords:

CPC Germania, Finland, Vestas, turbine, wind farm, subsidy, PPA