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Outokumpu expands its share in the Rajakiiri wind farm

Outokumpu, a major player in stainless steel, increases its stake in the Rajakiiri wind farm in Tornio, Finland, marking a significant development in its energy management.

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Outokumpu has decided to increase its investment in the Rajakiiri wind farm in Tornio. This farm, in operation since 2015, sees Outokumpu’s share rise to almost 9MW, or 19.9%.
According to Tony Lindström, Managing Director of Outokumpu EvoEnergy, this additional investment is aimed at diversifying the company’s energy sources and mitigating electricity price risks. This is part of a wider drive to explore investments in renewable energies and carbon capture technologies.

Exploration of Various Energy Sources

Outokumpu EvoEnergy is exploring investment opportunities in wind, solar and nuclear power, as well as technological solutions for the capture and reuse of carbon emitted by its steelmaking operations.

The Renewable Energy Challenge

Renewable energy production, particularly wind and solar power, is on the rise in the Nordic countries. Outokumpu EvoEnergy works with its partners to optimize the use of wind power, despite its dependence on weather conditions.
Outokumpu’s increased stake in the Rajakiiri wind farm in Tornio represents a step forward in diversifying its energy sources and managing its energy risks.

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