Solar and wind power are already part of our electricity production portfolio

We already participate in wind power production as a shareholder in wind power production companies and through long-term electricity supply contracts. We own shares of wind power through EPV Windpower in the Metsälä wind farm in Kristiinankaupunki and the Santavuori wind farm in Ilmajoki. We have signed power purchase agreements with Taaleri Energia Oy for the Oltava wind farm and with Tuulivoimayhtiö Pohjoistuuli Oy for the Tyrinselkä 2 wind farms.

We have established Männikkötuulet Oy, operating under the Mankala principle, together with four other energy companies, and purchased two wind farms in Ostrobothnia from Infracapital. The onshore wind farms acquired by Männikkötuulet Oy are Storbacken in Vöyri and Kröpuln in Uusikaarlepyy. The parks have a total capacity of 60 megawatts and were completed in 2021.

We are part of the consortium that owns the Lestijärvi wind farm located in  Lestijärvi, which was completed in 2025. The wind farm’s annual energy production will exceed 1.3 terawatt hours. 

We also operate our own 5-megawatt solar power plant in Paarmala, Raahe, which produces approximately 5 gigawatt hours of electricity annually. The Paarmala solar power plant is connected to our multi-energy optimisation service, allowing its renewable electricity production to be optimised and flexibly utilised in the spot market as well as in Fingrid’s reserve markets.

We are also one of the owners in the Finland’s largest solar power parks in Lapua. The solar power plant, being built by EPV Energia, was completed in 2025 and will produce over 80 gigawatt hours of electricity annually. Oulun Energia’s share of the plant is 20 megawatts.

Our goals for increasing the share of solar and wind power

We are continuing to significantly increase the share of solar power in our production, with the goal of generating 500 gigawatt hours of energy from solar power by 2030.

New solar power projects are being explored through Suomen Aurinkovoima Oy, a company established by Oulun Energia and four other Finnish energy companies. In 2025, Suomen Aurinkovoima Oy and Oomi Solar Oy signed an agreement for a solar power project portfolio of approximately 250 megawatts, comprising ten separate projects. This is a significant development in Finland’s solar power market.

As for wind power, our goal is to reaching 1 terawatt hours of wind electricity annually by 2030.