Neoen has announced the signature of a new power purchase agreement with the consortium formed by Heineken, Philips, Signify and Nouryon.

This 10-year contract covers a capacity of 126 MW. The electricity and the guarantees of origin are to be produced by the future Mutkalampi wind farm in Finland, codeveloped with Prokon and owned by Neoen.

The park spans the regions of Central and Northern Ostrobothnia in western Finland. The total capacity of the park initially announced at 250 MW will be increased to 404 MW, making it one of the largest in Finland. The PPA with Heineken, Philips, Signify and Nouryon is scheduled to commence in the third quarter of 2023. With this new wind farm, Neoen’s installed capacity in Finland will exceed 500 MW.

With Google already a customer, the production of Mutkalampi wind farm will be sold to five international companies – a promising foray into the burgeoning European corporate PPA market.

Xavier Barbaro, Neoen’s Chairman and Chief Executive Officer said: 
“Having already signed two power purchase agreements with Google in Finland, we are delighted to demonstrate once again the competitiveness of our wind energy offer in this country. This new agreement with a consortium of four major Dutch groups allows us to expand our industrial customer base while demonstrating our ability to conclude pan-European contracts, We are convinced that Finland has significant growth potential in renewable energy and we will be actively pursuing our development, both to help reach the country’s target of zero net carbon emissions by 2035 and for the benefit of all our European customers.”

KeyFacts Energy: Neoen Finland country profile