Gasum enters a 10-year wind energy deal with Renewable Power Capital
The Nordic energy company Gasum and Renewable Power Capital (RPC) have signed a ten-year power purchase agreement, under which Gasum will buy most of the output from the Rustari onshore wind farm in Southern Ostrobothia. The 8-turbine wind farm will be operational in early 2023 and will begin delivering energy to Gasum later that year, consolidating Gasum’s position as a major actor in the wind power segment.
Energy company Gasum will buy wind-powered electricity from RPC starting in 2023. The Rustari wind farm is located in the municipality of Kurikka, in the Southern Ostrobothnian region of Finland, and it will contain 8 turbines with a rated power of 44 megawatts. The estimated annual production capacity of the wind farm is 160 GWh, which is equivalent to the annual electricity consumption of about 32,000 households. Gasum will acquire the majority of the output.
“With this agreement, we continue to build our portfolio of renewable wind power to support our customers with cleaner energy solutions. By increasing the volume with renewable wind power, we will continue helping our customers finding the best energy mix to reduce emissions”, says Anders Malm, SVP, Portfolio Management & Trading at Gasum.
“This deal allows us to continue to contribute to the growth of reliable wind energy in Finland, delivering cleaner, greener electricity to households and businesses. Long-term partnerships with market experts like Gasum are a key part of our strategy to accelerate Europe’s decarbonisation journey,” says Bob Psaradellis, CEO of RPC. The company is a pan-European renewable energy investment platform, which invests in the development, construction, and long-term ownership of solar, onshore wind and battery storage projects, enabling the energy transition and driving stable long-term, risk-adjusted returns. RPC is registered in the United Kingdom, with headquarters in London.
The agreement represents part of Gasum’s broader sustainability strategy for promoting a carbon-neutral future, and also increases the availability of renewable Finnish energy. Gasum’s energy services portfolio includes comprehensive solutions for the energy market to meet customers’ energy needs and to help companies reach their environmental goals faster.
Gasum sells renewable electricity generated by hydroelectricity, wind, solar power, or bioenergy to its customers. The company is also a major actor in the wind power segment and strives to increase acquisition of renewable wind power. Additionally, the company offers biogas and natural gas for industry, maritime, and road transport.
Gasum also provides diverse energy market expert services, like electricity market portfolio management and market reporting services, guarantees of origin for electricity, expert services for emissions trading, and 24/7 control room services for electricity balance risk management.