Eolus, a Sweden-based renewable energy developer, has reached a cooperation agreement with Finsilva, a Finnish landowner, to develop a wind power portfolio with a potential of more than 600 MW in Finland. Eolus will develop a total of five wind farms, to be located in the central region of the country. Finsilva will lease land to the company for the development of the projects, and commissioning is set to begin in 2027. The wind farms are in the early phases of development and are expected to proceed at a rapid pace. The central location in Finland will make it easier to connect the projects to the national grid.
In January 2023, Eolus, a Nordic wind power company, formed a joint venture with PNE, a German firm, to build a 1 GW offshore wind farm in the Baltic Sea. The Kurzéme offshore wind farm is located off the west coast of Latvia and is scheduled to be operational by 2030. The project will be able to produce 4.5 TWh of renewable electricity annually once it is fully operational.