Gasum selected as power balancing and market services partner by TOWII Renewables

TOWII Renewables is bringing two wind power projects online in Finland.

Gasum has been selected as the balancing and market services partner for TOWII Renewables’ wind power projects in Finland. The agreement covers balance responsibility, forecasting, intraday optimization and participation in ancillary services from the first energization of the projects.

TOWII Renewables’ two wind farms Kopsa III and Ketunperä in Finnish North Ostrobothnia comprise six wind turbines each, providing a total capacity of approximately 74.4 MW.

According to TOWII Renewables, Gasum was selected following a competitive process in which the company evaluated not only the commercial terms for balance responsibility, but also the capabilities needed to support the projects in the increasingly dynamic Finnish power market. Gasum’s strong trading and optimization capabilities, market access and the ability to continuously develop the operational setup were an important part of the company’s decision.

TOWII Renewables is a joint venture between the Danish EWII energy group and Tokyo Gas and was founded in 2022. The company’s ambition is to develop sustainable energy projects in Denmark as well as internationally.

Gasum captures value for customers in changing power markets

Gasum provides power services for corporate customers, energy companies and power producers. As a balance responsible party in the Finnish and Swedish electricity markets, Gasum gives customers access to physical power markets, including day-ahead, intraday and reserve markets.

Gasum’s balancing services help customers improve operational reliability and manage short-term market risks. For renewable producers, this helps reduce imbalance exposure and supports more efficient market participation.

Gasum’s multi-market optimization service helps customers capture value across markets. By optimizing assets it is possible to minimize energy costs, create additional revenue from flexibility and improve risk management in volatile power markets.