YIT to build the foundations of 47 wind power plants for TuuliWatti in Simo, Raahe and Kalajoki

INVESTOR NEWS                 JUNE 1, 2015 AT 10:00 A.M.

 

YIT to build the foundations of 47 wind power plants for TuuliWatti in Simo, Raahe and Kalajoki

YIT has signed contract agreements with TuuliWatti Oy on the implementation of the foundations for 47 wind power plants in Simo, Raahe and Kalajoki, Finland. The total power of the plants is approximately 160 MW and their annual electricity production corresponds to the consumption of 220,000 apartments.

The construction work in Kalajoki will start in summer 2015 and, in Simo and Raahe, the construction will start in spring 2016. The construction work will be completed in its entirety by the end of 2016. The foundations to be built now are part of the framework agreement signed by YIT and TuuliWatti Oy, the aim of which is to build foundations for approximately 90 wind power plants.

“Our operations are based on the long-term and comprehensive development of wind power projects. We have participated in supporting the implementation of the projects of TuuliWatti Oy and, at the same time, developed new technical solutions and more efficient operational methods that clearly benefit our customers and also improve our own competitiveness. In addition, with wind power construction, we have been able to create more jobs in the industry,” says Harri Orko, Head of Unit for wind power business at YIT.

 

For further information, please contact:

Sanna Kaje, Vice President, Investor Relations, YIT Corporation, tel. +358 50 390 6750, sanna.kaje@yit.fi
Harri Orko, Head of Unit, Infra Services, YIT Construction Ltd, tel. +358 50 440 2322, harri.orko@yit.fi

 

 

YIT CORPORATION

 

Sanna Kaje
Vice President, Investor Relations

 

Distribution: NASDAQ OMX, major media, www.yitgroup.com

YIT is a construction industry leader. We create better living environments in Finland, Russia, the Baltic countries, the Czech Republic and Slovakia. Over 100 years of experience have secured us a strong market position: we are the largest housing developer and one of the largest business premises and infrastructure developers in Finland, and the most significant foreign housing and area developer in Russia. Our vision is to stay one step ahead – while taking care of our customers, partners and personnel. We have nearly 6,000 employees in seven countries. In 2014, our revenue amounted to around EUR 1.8 billion. Our share is listed on NASDAQ OMX Helsinki. www.yitgroup.com

 

About Us

YIT is the largest Finnish and significant North European construction company. We develop and build apartments, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers our 10,000 professionals are creating more functional, more attractive and more sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic States, the Czech Republic, Slovakia and Poland. The new YIT was born when over 100-year-old YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. Our pro forma revenue for 2017 was over EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com

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