Swedish utility Vattenfall has signed a five-year agreement with TuuliWatti to provide the Finnish wind power producer’s total wind power production in Finland with power balancing services.
Starting on January 1, 2020, the agreement includes forecasting, trading and balancing services. TuuliWatti operates wind farms with 441MW in capacity in Finland that churn out 1.3 terawatt hours, equal to a fifth of the Nordic country’s annual wind power output in 2019.
“The agreement with TuuliWatti is fully in line with Vattenfall’s ambition to become a leading provider of renewable energy services to corporate customers in Europe,” said Johan Hagsten, Vattenfall’s Nordic origination director at Vattenfall’s markets business are.
“This deal is an excellent match to our existing portfolio and a major step for Vattenfall to enter into the Finnish energy services wind power market.”
The utility said it is is offering a full range of energy services for producers and large consumers of renewable electricity in all Nordic and North-European countries.
“Vattenfall offered the most cost-efficient solution to handle our wind production imbalance risk. The agreement also includes a new completed wind farm ‘Ii Viinamäki’, which was the first non-subsided wind investment in Finland,” said Tuomas Candelin-Palmqvist, director at TuuliWatti.
