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CIP Collaborates with Myrsky for 1.8 GW Wind Power Plant

The collaboration marked CIP's strategy to pursue investments that serve the step change in the level and pace of development needed to fulfill the ambitious targets made by governments.

May 24, 2023. By Nivedita Ojha

Copenhagen Infrastructure Partners (CIP), on behalf of its Flagship Funds, and Myrsky Energia (Myrsky) have declared a collaboration for the development of over 1800 MW of onshore wind power in Finland.

The collaboration marked CIP's strategy to pursue investments that serve the step change in the level and pace of development needed to fulfill the ambitious targets made by governments.

The operational profile of wind projects will not only contribute to Finland’s net zero ambition but also upgrade energy security and assist reinforce communities and transform local economies through job generation and surplus tax revenues.

This is the first outlay made by CIP in onshore wind power in the Nordic countries.

Nischal Agarwal, Partner in CIP, said, "We believe Finland has excellent conditions for large scale onshore wind projects and a significant ambition to decarbonise by 2035 and achieve energy security.

"We are pleased to partner with Myrsky who is a leading renewables developer in Finland and we look forward to our cooperation and combining our expertise to participate in Finland’s energy transition."

Tuomas Candelin-Palmqvist, entrepreneur and founder of Myrsky, stated, "We are delighted to partner with CIP to accelerate the delivery of Myrsky’s wind power projects over the coming years.
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