Finnish state-owned enterprise Metshallitus is releasing preliminary market information and launching its partner selection process for the planned 1.3 GW Korsns offshore wind power project. <\/p>\n
Metshallitus said it is looking for a responsible and experienced partner to accelerate the development, construction, and operation of the wind farm. <\/p>\n
The enterprise will invite both domestic and international investors into the selection process. The offshore wind power project is estimated to reach commercial operation in 2028 at the earliest.<\/p>\n
The selected partner, a company or a consortium, is required to demonstrate the necessary know-how, resources and experience in the successful development, construction and operation of offshore wind power projects with a considerable investment value and scale, the manager of Finlands land and water areas said.<\/p>\n
The selected partner is required to represent responsible and sustainable business practices. The partner must also have the ability to work on a project that involves many stakeholders at different levels of Finnish society given the projects national importance to achieve the countrys renewable energy targets.<\/p>\n
Competitive Bidding<\/p>\n
The selection of a partner for the project will be realised through a competitive bidding process. After the indicative bid submission, a shortlist of potential parties will be invited to continue in the process and submit a binding offer, following which a preferred bidder will be selected. The project will comply with the EUs sustainable funding criteria and tendering procedures.<\/p>\n
Metshallitus goal is to complete the selection of a partner during 2022. Information on the parties or bids participating in the auction process is not public and no additional information will be provided on the progress of the process.<\/p>\n
The Korsns offshore wind farm is being planned in the states territorial waters located some 15 30 kilometres from the coast. This will be one of the first large-scale offshore wind farms in Finland. <\/p>\n
The estimated capacity of the wind farm corresponds to about half of Finlands current wind power capacity at the end of 2020.<\/p>\n
Metshallitus will act as a project developer in the project and will remain as the lessor of the offshore wind farm post-exit. Ownership of the area will remain with the state.<\/p>\n
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Finland Starts Partner Selection Process for 1.3 GW Offshore Wind Project | Offshore Wind - Offshore WIND<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Finnish state-owned enterprise Metshallitus is releasing preliminary market information and launching its partner selection process for the planned 1.3 GW Korsns offshore wind power project. Continue reading