Vattenfall puts turbines up for sale citing no profits
1 June 2008
Vattenfall is looking for a buyer for its ten 300 kW turbines in northern Österbotten. The company says the decision is based on the regulatory regime in Finland and the resulting difficultly in operating wind turbines at a profit. "Recent experience tells us that it is very difficult to earn profits from wind energy generation in Finland," says Vattenfall Finland's Erik Mälkki. The sale does not mean Vattenfall is totally pulling out of wind power in Finland. "We will continue to look for viable opportunities in the future. However, right now it's not really profitable to do so. Vattenfall will now focus on wind power in Sweden and Denmark," says Mälkki.
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