The partnership could significantly support Finland in reaching its 2035 carbon neutrality goal. Credit: Matt Artz/Unsplash.

Danish investment firm Copenhagen Infrastructure Partners (CIP) and Myrsky Energia, a Finnish renewable energy developer, have struck a partnership to develop more than 1.8GW of onshore wind projects in Finland.

The alliance is expected to fast-track Finland in becoming a European leader in energy transition.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

It will also help contribute towards the country’s goal of carbon neutrality by the year 2035.

This marks the first investment by the Danish investment firm in the onshore wind power industry in the Nordic region.

According to CIP, the tie-up reflects its strategy to pursue investments that deliver a step change in scale and the pace at which development is needed to meet the targets set by governments in reaching carbon neutrality.

The partnership with Myrsky is also believed to strengthen communities, add significantly to the local economies through creation and create avenues for additional tax revenues.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

CIP partner Nischal Agarwal said: “We believe Finland has excellent conditions for large-scale onshore wind projects and a significant ambition to decarbonise by 2035 and achieve energy security.

“We are pleased to partner with Myrsky, who is a leading renewables developer in Finland, and we look forward to our cooperation and combining our expertise to participate in Finland’s energy transition.”

Myrsky founder Tuomas Candelin-Palmqvist said: “On a global scale, Finland has unique onshore wind energy potential to produce renewable electricity.

“Green energy investments can create industry-scale business opportunities, local welfare and employment as well as boost our energy security. Renewable energy is the new welfare industry for Finland.”

Earlier this month, CIP and Statkraft were selected under the Offshore Renewable Electricity Support Scheme 1 (ORESS-1) auction in Ireland to develop the 500MW North Irish Sea Array offshore wind project.