Danish investment company CIP and Finnish renewable energy developer Myrsky Energia have entered into a partnership to develop more than 1.8GW of onshore wind power projects in Finland. The alliance is expected to accelerate Finland's efforts to become a leader in Europe's energy transition. It will also contribute to the country's goal of becoming carbon neutral by 2035.

This is the Danish investment company's first investment in the onshore wind power industry in the Nordic region. According to CIP, the collaboration reflects its strategy to pursue investments that can achieve a step change in scale and pace of development to meet the government's goals to achieve carbon neutrality. The partnership with Myrsky is also believed to strengthen the community, significantly increasing the local economy through the creation and avenue of generating additional tax revenue.

CIP Partner Nischal Agarwal said: “We believe Finland has excellent conditions for large-scale onshore wind projects and has ambitions to decarbonize and achieve energy security by 2035.

We are delighted to be working with Myrsky, Finland's leading renewable energy developer, and we look forward to our collaboration and combining our expertise to participate in Finland's energy transition.

Globally, Finland has unique onshore wind energy potential to produce renewable electricity, Myrsky founder Tuomas Candelin-Palmqvist said. Green energy investments can create industry-scale business opportunities, local benefits and jobs, and contribute to our energy security. Renewable energy is Finland's new welfare industry.

Earlier this month, CIP and Statkraft were selected in Ireland's Offshore Renewable Power Support Scheme 1 auction to develop a 500 MW array of offshore wind projects in the Northern Ireland Sea.Editor/XingWentao