VSB intends to build a 450 MW wind-solar hybrid project in Finland

The Finnish unit of VSB Group is planning to build a hybrid project that will have 350 MW of wind energy and 100 MW of solar capacity in Finland’s North Ostrobothnia region. The first hybrid project created exclusively by VSB Uusiutuva Energia Suomi Oy will be in Haapavesi, where the 350 MW Puutionsaari wind park is planned.

Furthermore, the solar complex will be developed close to VSB’s 49-turbine wind-generating facility on a former peat-producing site. Meanwhile, VSB has already filed papers for the project’s permission and expects to receive approval by the end of 2023. The hybrid farm’s technical solutions have been evaluated in Juurakko, Kalajoki, where VSB developed its first wind-solar hybrid farm in collaboration with Solarigo Systems Oy.

In September 2023, VSB secured €211 million in project financing from Landesbank Baden-Württemberg and Deutsche Zentral-Genossenschaftsbank to repower the Elster wind farm. €175 million of the €211 million loan has been financed on a long-term basis with a maturity of more than 20 years. It is situated in the towns of Zahna-Elster and Jessen in the Wittenberg district in the German state of Saxony-Anhalt.