Finland-based Suomen Hyötytuuli Oy says it will carry out a full demerger to strengthen its offshore production, transferring the wind farms owned by the company to a new company by the same name.
The company decided to carry out the demerger in order to prepare for the expected rise in energy production and renewables investments in the coming years. The three new companies will be owned by Suomen Hyötytuuli’s current owners: Alva-yhtiöt Oy, Helen Oy (Oy Mankala Ab), Lappeenrannan Energia Oy, Lahti Energia Oy, Oy Turku Energia – Åbo Energi Ab, Pori Energia Oy, Tampereen Energia Oy and Vantaan Energia Oy.
Suomen Hyötytuuli’s onshore wind farms and the current Tahkoluoto offshore wind farm will be owned by the new Suomen Hyötytuuli Oy. The Tahkoluoto demonstration and extension project will be transferred to Tahkoluoto Offshore Oy. Both companies will buy wind farm life-cycle services, such as development, construction, operation and maintenance and dismantling services from Arenso Oy. The current personnel of Suomen Hyötytuuli will be transferred to Arenso Oy.
”Developing, building and investing in offshore wind energy differs greatly from onshore wind projects,” says Toni Sulameri, managing director at Suomen Hyötytuuli. “We will continue with our tried and tested models for onshore wind production, and the new company structure will heighten our potential in offshore wind.”
The demerger is planned to be complete by the end of summer. Suomen Hyötytuuli’s wind energy production and ongoing projects is slated to continue without interruption throughout the demerger.
