Wind Power Deal for Rauma

(Press Release)
Tuesday, December 20, 2011
On December 20, 2011, STX Finland Oy and VentusVis Oy signed a letter of intent, the purpose of which is to develop wind park for the city of Rauma on Finland’s west coast. The goal is to get building permissions for three wind turbines within the UPM Rauma mill site and one within the area of the STX Rauma Shipyard. VentusVis Oy is a company which develops land assets owned by UPM suitable for wind power investments and STX Finland Oy offers construction, user, maintenance and lifecycle services for wind parks. 
VentusVis Oy is a joint venture between UPM-Kymmene Oyj and TuuliSaimaa Oy. It aims to convert land assets owned by UPM suitable for wind power production. STX Finland Oy’s long-term goal is to develop into a turnkey deliverer of offshore wind parks in particular. The company is presently actively involved in onshore wind park business as well. The global STX Group manufactures and designs wind turbines, for instance, in the STX Windpower unit in the Netherlands. STX Finland supports the group’s wind power-related business operations in the Nordic and Baltic Countries.
“We regard wind power as an important area of growth for the future, which can secure employment and ensure that the use of the strong naval and equipment technical expertise continues in Finland. Together with its network of partners STX Finland is capable of implementing even quite extensive projects and with its customers it can develop technologies suited for our arctic regions," says Per Stenius, SVP Corporate Development, STX Finland Oy. “The change in the international business environment through increased demand and need for environmentally friendly products will facilitate co-operative development of emission-free power generation and creation of jobs at a regional level,“ Stenius adds. 
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