YIT to build foundations for TuuliWatti’s new wind power plants in Simo, Finland
1/7/2013 4:00 AM EST
YIT
Investor News
YIT to build foundations for TuuliWatti’s new wind power plants in Simo, Finland
Helsinki, 2013-01-07 10:00 CET (GLOBE NEWSWIRE) --
YIT and TuuliWatti Oy have signed an agreement on the implementation of
foundations for four wind power plants in Simo, Finland. The construction of
the foundations will begin in early 2013 and is estimated to be completed by
July.
When it comes to size and efficiency, the wind power plants to be built will be
in a league of their own in Finland.
“Higher 4,5 MW power per unit also means that the number of power plants needed
will be lower. In the new power plants to be built in Simo, the tower height is
140 metres, the diameter of the rotor is 128 metres and the tip of the blade is
204 metres from the ground. In Finland, there have not been any wind power
plants of such efficiency before,” says Jari Suominen, Managing Director at
TuuliWatti Oy.
The four foundations to be built in Simo are part of the framework agreement
signed by YIT and TuuliWatti Oy approximately a year ago, the aim of which is
to jointly build foundations for approximately 90 wind power plants.
“We have already worked with YIT before and have had excellent experiences of
cooperation with them. We wanted to work with a familiar and reliable partner,”
Suominen says.
“We develop our operations systematically and aim to constantly improve the
service level experienced by the customer and the cost-effectiveness of the
entire project. Long-term cooperation with TuuliWatti gives good chances for
this and, for its part, is certainly an indication of YIT’s ability to act in
the best interests of a project while listening carefully to the customer,”
says Harri Orko, Vice President of YIT’s wind power business unit.
TuuliWatti is a pioneer in the wind power sector in Finland, seeking more
cost-effective and environmentally friendly solutions for wind power
generation. In addition to the wind farm in Simo, other cooperation projects
between TuuliWatti and YIT include wind farms built in Ii and Tervola in 2012.
These construction projects accounted for approximately 70% of all new wind
power capacity built in Finland in 2012. TuuliWatti will continue constructing
wind power plants according to its investment programme that was published in
2011.
YIT will provide services throughout the entire 20–25-year life span of the
wind power plant, all the way from the project development phase to
maintenance. The services provided include earth-moving works from constructing
the roads and infrastructure of neighbouring areas as well as the foundation
solutions and electrification of the wind power stations.
For further information please contact:
Harri Orko, Vice President, YIT Construction Ltd, Infra Services, Wind Power,
, tel. +358 50 440 2322
Jari Suominen, Managing Director, TuuliWatti Oy, , tel.
+358 10 557 2371
YIT is a leading European service company in building systems, construction
services and services for industry. Our 26,000 professionals serve customers in
14 countries in the Nordic and Baltic countries, Russia and Central Europe.
Over one hundred years we have grown together with our customers and developed
our services in line with the changes taking place in different societies. We
intend to continue on that track. Our vision is to lead the way in creating and
maintaining good living environments. In 2011, YIT’s revenue was approximately
EUR 4.4 billion. YIT’s shares are listed on NASDAQ OMX Helsinki.
www.yitgroup.com