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.