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Outokumpu Participates in Wind Park Project at Tornio
03/29/2010 - Outokumpu is a shareholder in Rajakiiri Oy, which specializes in wind power. Rajakiiri has made an investment decision to build a 30-megawatt wind park in Röyttä, on the sea coast of the Tornio Works site. Outokumpu will receive 20% of the wind power produced by the park.
Outokumpu is participating in the implementation of a wind park in Tornio, Finland. The company is a shareholder in Rajakiiri Oy, which specializes in wind power. Rajakiiri has made an investment decision to build a 30-megawatt wind park in Röyttä, on the sea coast of the Tornio Works site. Outokumpu will receive 20% of the wind power produced by the park.
Outokumpu notes that its production site in Tornio is Finland's biggest single electricity user. By investing in energy production, Outokumpu aims to secure its competitiveness and ensure the supply of reasonably priced energy.
"Participation in this wind park project is an important element of our energy strategy, which aims to ensure that we have an inexpensive and stable-priced electricity supply from low-emissions energy sources,” said CEO Juha Rantanen. "The wind park in Tornio complements our hydropower and nuclear energy projects."
The new wind power project helps Outokumpu to evaluate the potential for using stainless steel in wind turbine installations. Offshore installations are a particularly interesting new application area for corrosion-resistant stainless steel, according to the company.
Outokumpu says that the wind power project will satisfy about half a percent of its total energy need; the amount of electricity generated by the park correlates to the consumption of about 5000 households. As part of its energy strategy, the company will investigate the possibilities to increase the share of wind power.
The wind park is expected to start producing renewable energy at the end of 2010.
Outokumpu is a global leader in stainless steel, with customers in a wide range of industries. The company is the market leader in duplex grades with a global market share of close to 50%. It employs some 7500 people in more than 30 countries. The Group’s head office is located in Espoo, Finland.
