NEWS SUMMARY
- Nuolivaara wind farm is the second wind project that World
Kinect Energy Services (WKES) and wpd Europe have collaborated on in Finland, and the first to be located north of
the Arctic Circle
- With a total capacity of 96.9 MW, WKES will manage the power
output of the wind farm, while also acting as Balancing Responsible
Party
- All Balancing Responsible Party (BRP) services related
to production, consumption and bilateral trade will be delivered by
WKES
- Nuolivaara wind farm power output will be structured to meet
the baseload needs of two corporate off-takers
MIAMI, July 1, 2022 /PRNewswire/ -- The new Nuolivaara
wind farm, which is scheduled to get operational within 2022, will
serve as a key milestone in Finland's long-term sustainable energy
program. A route-to-power purchase agreement (PPA) paved the way
for the development of the wind project located in Nuolivaara,
Finland – the first of its kind
located north the Arctic circle.
The project is an extension of a partnership
between energy and sustainability solutions provider, World Kinect
Energy Services (WKES), and renewable energy developer and
operator, wpd Europe
(wpd).
It's the second PPA between the two parties and follows the
development of the 188 MW Karhunnevankangas wind farm in the
Österbotten region of western Finland last year.
Located 25km northeast of Kemijärvi, Finland, the new wind farm will generate
a total capacity of 96.9 MW, reinforcing the nation's commitment to
providing renewable energy solutions.
The completion of the project will coincide with the activation
of the broader partnership between the two parties, which will see
WKES route the physical output of the wind farm and nominate
baseload volumes to the wind farm off-takers.
WKES will manage the residual power output according to
pre-defined bespoke strategies towards the Nordic electricity
exchange traded market, while also acting as Balancing Responsible
Party for the wind farm.
All BRP services related to production, consumption and
bilateral trade will be delivered by WKES, who will also have
responsibility for the associated REMIT reporting.
Ben Bisenius, Head of PPA Origination at wpd, said: "The
Nuolivaara wind farm project is our sixth in Finland and strengthens our commitment to
growing renewable energy within the Finnish energy market.
"Having World Kinect Energy Services on board, using its
expertise and knowledge of the local markets to negotiate the
Route-to-Market PPA, has helped reinforce the
Nuolivaara project, which is due for completion in July."
Stuart Donnelly, Senior Director,
Global Renewable Energy Solutions, at World Kinect Energy Services,
said: "We are excited to continue to support wpd europe as it
further expands its wind farm projects in Finland and help lead the sustainable energy
transition in Northern
Europe."
"Sustainability is a key priority for us, and with our regional
experience and knowledge of local markets, we are in a good
position to deliver value to wpd and other renewable energy
developers, as well as customers exploring renewable energy," he
added.
As a leading energy management, energy supply, and
sustainability company, WKES has supported the development and
marketing of many onsite and utility-scale wind and solar
projects.
The new wind farm features 17 Delta4000-series N163/5.7
wind turbines, designed for 5.7 MW output and manufactured by
Nordex.
About World Kinect Energy
Services
Headquartered in Miami, World
Kinect Energy Services is a division of World Fuel Services, a
global energy management company involved in providing supply
fulfilment, energy procurement advisory services, and transaction
and payment management solutions to commercial and industrial
customers. We believe that sustainability, the environment, health
and safety, diversity and social responsibility are critical to our
long-term success, and we are focused on creating a more
sustainable future through our actions, investments, and energy
solutions. With 35 years of experience, World Kinect Energy
Services is trusted by commercial and industrial customers
worldwide.
For more information, call 305-428-8000 or visit
www.world-kinect.com.
About wpd
wpd develops and operates onshore and offshore wind farms and
solar parks and is actively engaged in 28 countries around the
world; the head office is in Bremen. The German company has already
realized wind energy projects with around 2,400 wind turbines and
an output of 5,150 MW and is planning further projects with a total
of 12,300 MW onshore, 13,800 MW offshore, and 1,650 MWp solar
energy.
www.wpd.de
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SOURCE World Kinect Energy Services