Stock Exchange Release|15.9.2022

Enersense begins reporting on the development of its onshore wind power projects — target to build 600MW of own energy production by 2027

Enersense International Plc
Stock exchange release 15 September 2022 at 12.00 p.m.

Enersense International Plc, a provider of zero-emission energy solutions, will start reporting on the project development portfolio of Megatuuli Oy, a leading onshore wind power project development company, semi-annually as part of its regular H1 and H2 financial reporting. Enersense completed the acquisition of Megatuuli on 1 February 2022 and owns 100 % of the company.

Megatuuli Oy's project portfolio is currently 3,000MW, of which 1,500MW is in cooperation with Valorem and is divided as follows:

– Feasibility study phase 2,000MW
– Permit, land use and EIA phase 1,000MW

Projects developed by Megatuuli Oy, which have advanced to construction and operation phases:

– Construction phase 350MW (development fees to be paid to Enersense during 2022-2025 as informed on 3 February 2022)
– Finished and operating phase 100MW

Megatuuli Oy's current 3,000MW onshore wind power project portfolio also enables Enersense to develop its own energy production. Enersense's energy production target by 2027 is 600-700MW, of which 600MW is wind power and 100MW solar power.

Enersense has already identified 200MW of potential wind power projects that can be developed for its own energy production. In addition, Enersense has identified 20MW of solar power for its own energy production.

“The green transition is proceeding at an accelerating pace with strong demand for wind power and solar energy, and the strategic choices we made earlier have proved successful. Wind power project development is long-term cooperation between different actors, and we want to make the development phases of our projects more transparent and monitored,” says Jussi Holopainen, CEO.

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