TuuliWatti, the wind power producer owned in equal shares by St1 Nordic Oy and S-Voima, has demerged into two companies. St1 has sold its wind power production capacity to Exilion Tuuli Ky. The transaction between St1 and Exilion Tuuli consists of 315 MW in production capacity spread across several wind farms as well as development projects totalling 475 MW.
St1 already offers the operation of wind farms in Finland as a service business. St1 will continue to operate the whole wind power capacity of the demerged company on the owners’ behalf, which will increase the capacity of St1's wind power production service business to 485 MW.
St1 currently has several wind power projects under way in Norway and Sweden. The project that is the furthest along is the 800 MW Davvi wind farm project in the northern part of Eastern Finnmark in Norway, which is currently in the permit phase.
More information:
St1 Nordic Oy, CEO Henrikki Talvitie, tel. +358 10 557 11
St1 Nordic Oy, Communications Manager Liisa Joenpolvi, tel. +358 10 557 2419
St1 Nordic Oy is a Nordic energy Group whose vision is to be the leading producer and seller of CO2-aware energy. The Group researches and develops economically viable, environmentally sustainable energy solutions. St1 focuses on fuels marketing activities, oil refining and renewable energy solutions such as waste-based advanced ethanol fuels and industrial wind power. The Group has 1300 St1 and Shell branded retail stations in Finland, Sweden and Norway. Headquartered in Helsinki, St1 employs currently 770 people. www.st1.com