<article><p class="lead">Finland is expected to install 3.25GW of new wind capacity in 2023-24, with French developer Neoen providing the largest share of new capacity this year and Finnish firm OX2 leading the way in 2024, data compiled by <i>Argus</i> show. </p><p>Wind capacity installations this year are anticipated at around 1.8GW, with Neoen expected to install 22pc, or around 400MW, through its 404MW Mutakalampi farm. Finnish developer Winda is expected to commission around 11pc of the total through the 80MW Kalajoki and 45.6MW Kinnula and Kyyjarvi projects, with developer Ilmatar Energy installing 13pc, or 242MW, according to data from companies and the Finnish wind association compiled by <i>Argus: </i>see <a href="https://direct.argusmedia.com/DataAndDownloads/DownloadFile/561">European electricity: Plant projects</a> data and download.</p><p>Finland is expected to commission 1.45GW of wind capacity next year, with the largest share installed by OX2 at 32pc through the slightly earlier commissioning of <a href="https://direct.argusmedia.com/newsandanalysis/article/2275660">the 455MW Lestijarvi</a> project, while Germany's Fortum will account for around 26pc of additions, once the 380MW <a href="https://direct.argusmedia.com/newsandanalysis/article/2312888">Pjelax-Bole and Kristinestad Norr wind parks</a> are completed. </p><p>And around 1GW is anticipated in 2025 — when wind output is expected to cover 28pc of Finland's energy consumption at the end of that year, according to Finland's wind association. </p><p>Newly installed wind farms contributed to output of around 1.26GW last year, up from 902MW in 2021 and 795MW in 2020. </p><p>The sharp rise in wind capacity anticipated to be connected to the grid has prompted transmission system operator <a href="https://direct.argusmedia.com/newsandanalysis/article/2414758">Fingrid to select three power companies</a> for its pilot study of wind farms' participation in the automated power reserve market this year and possibly in 2024. </p><p>"The significant increase in wind power may at times cause electricity production to consist largely of wind power and nuclear power. Therefore, the participation of wind power in the reserve market is important," Fingrid said.</p><p>The TSO has selected Estonian renewable energy company Enefit Green, trading firm Centrica Energy and investment firm Prime Capital to take part in the automated frequency reserve market — a mechanism that automatically provides stability to the network — with 550MW of wind capacity taking part.</p><p class="bylines">By Makani Joinville</p></article>
