January 21 (Renewables Now) - Swedish energy group Vattenfall will provide balancing services for the entire wind power production of Finnish wind farm operator TuuliWatti in Finland.
The Swedish utility has signed a five-year deal with its Finnish partner that calls for it to provide TuuliWatti with forecasting, trading and balancing services. The agreement is valid from January 1, 2020, Vattenfall said on Monday.
At present, TuuliWatti’s wind portfolio includes 441 MW of power plants with an annual production of around 1.3 TWh, corresponding to about 20% of Finland’s annual wind power generation in 2019. The 21-MW Viinamaki plant, Finland’s first merchant wind park that went live at end-2019, is also part of the portfolio and the contract with Vattenfall.
“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 business area markets. He added that the deal complements the state-owned utility’s own portfolio and is a stepping stone for its entry into the Finnish energy services wind power market.