Eolus buys Finland wind projects

Sweden's Eolus Vind has acquired two projects under development in Finland by Auria Wind, totalling 50MW.

Located in southwestern Finland, the Loimaa-Alastaro and Huittinen projects can house up to 15 wind turbines and were acquired through Eolus’ Finnish subsidiary.

"Through its feed in tariffs (FIT) Finland has a stable framework for increased renewable energy production from wind power. This attracts investors seeking long-term investments with stable cash flows," says Per Witalisson, CEO of Eolus.

Eolus is a major wind developer in Sweden and is active in Norway, Estonia and Latvia. The group sells most of the capacity it develops and currently owns and operates 62MW.