02/08/2022, 09:00
| Media release
Alpiq has signed a long-term Power Purchase Agreement (PPA) in Finland with Merkkikallio Wind Oy, a wind power production company owned by Renewable Power Capital (RPC). This agreement is a further step in the expansion of Alpiq’s European energy trading activities in the Nordics and strengthens the company’s market position.
Alpiq will off-take power from RPC’s Merkkikallio wind farm with a long-term PPA, enabling additional renewable power production into the Finnish power system. The wind farm is located near the city of Vaasa, in the Finnish Southern Ostrobothnian region, and consists of 15 wind turbines having the rated power of 82.5 MW. With this PPA, both Alpiq and RPC increase the stability of their business plans and reduce market risks. Alpiq is supporting the transition to CO2-free power production in the Nordics.
Shared mission for a greener Europe
“The agreement is a milestone towards further strengthening Alpiq’s market position in the Nordics. We are very pleased that RPC trusts our market expertise and has entered into a long-term cooperation with us. Smooth cooperation with RPC throughout the process gives a solid basis for the further business opportunities”, says Matti Ahtosalo, Alpiq Head Origination Nordics.
“As part of our mission to enable a cleaner, greener Europe, we are excited to be working together with Alpiq. Our PPA will provide additional reliable, renewable energy into Finland’s energy mix. As a long-term owner of renewable energy projects, we look forward to continuing to build lasting partnerships in the region and the community as part of the energy transition” says Bob Psaradellis, CEO Renewable Power Capital.
Reliable partner
Alpiq is proven to be a reliable partner for long term business activities. The company aims to further increase its market share in the Nordic countries. The energy trade sector is becoming increasingly dynamic and demand for tailor-made, complex products and solutions for industry customers is growing. Alpiq expects rising demand for PPAs in the Nordics as well as throughout Europe.
Alpiq started expanding its long-term existing presence in the Nordic countries at the beginning of 2020 as part of its corporate strategy. Energy specialists from Sweden, Finland and Norway meet the growing demand for risk management, market access, direct marketing and the need for individual solutions for producers and consumers.
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Media Release "Alpiq builds its presence in the Nordic countries" (April 2020)
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Interview Matti Ahtosalo (May 2021)
About Alpiq
Alpiq is aiming to be a leading European Energy Boutique. As electricity producer and international energy trader, Alpiq has been present in all major European markets for many years, including Norway, Sweden and Finland. Many years of experience in origination, Alpiq provides tailored-made offers in market access, asset and risk management, flexibility marketing and cross-border trading and proposes its expertise as a leading European provider of long-term purchase agreements (PPAs).
About Merkkikallio / Renewable Power Capital
Merkkikallio Wind Oy is a Special Purpose Vehicle (SPV) for wind production and owned by Renewable Power Capital. Renewable Power Capital is a pan-European renewable energy investment platform established in 2020, backed by CPP Investments. Renewable Power Capital is registered in the United Kingdom, with headquarters in London. We invest in the development, construction, and long-term ownership of solar, onshore wind and battery storage projects, enabling the energy transition and driving stable long-term, risk-adjusted returns. Our flexible mandate allows us to structure investments that recognise the changing market dynamics in Europe and to develop innovate solutions for managing development, construction, and merchant investments.
More information: www.renewablepowercapital.com