Axpo Nordic Expands Renewable Energy Portfolio With Finnish Wind Power Agreement
Date
1/22/2025 3:08:26 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, January 22. Axpo Nordic, a
leading energy company in the Nordic and Baltic regions, has
announced the signing of a corporate power purchase agreement (PPA)
with Exilion Tuuli Ky, a Finnish renewable energy investor and
producer, Trend
reports via Axpo.
This long-term agreement marks a significant milestone, covering
the supply of 70 GWh of renewable electricity annually from a wind
farm in northern Finland.
Starting in 2025 and extending over 12 years, Axpo will purchase
22.1 megawatts (MW) of clean electricity from the Ii Isokangas wind
park, which is owned by Exilion Tuuli Ky. This marks the first
collaboration between the two parties.
The wind park, located in the municipality of Ii, features five
turbines. The electricity generated will be sold by Axpo to
Colgate-Palmolive, supporting the company's renewable energy
requirements.
Axpo Nordic is a subsidiary of the Axpo Group, a leading
international energy provider headquartered in Switzerland. The
company has a strong presence in the Nordic and Baltic energy
markets, focusing on electricity trading, renewable energy
solutions, and energy-related services. Axpo has been a pioneer in
power purchase agreements (PPAs) in the Nordics, having secured its
first agreement almost 20 years ago. Currently, Axpo Nordic manages
24 TWh of renewable power from wind and solar and oversees 3.5 GW
of renewable capacity annually in the region.
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