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Helen to significantly increase its wind power production – total investment of EUR 100 million in a new wind farm
Helen has started the construction work of the Lakiakangas 3 wind farm in Ostrobothnia in partnership with the project developer CPC Finland. The project supports Helen’s target to increase wind power production fivefold in two years. Energy generated by the new wind farm will be available to Helen’s customers in 2022.
Buildings in Helsinki can now be cooled with fully emission-free cooling produced by utilising waste heat. From the beginning of this year, all cooling products from the energy company Helen have been carbon-neutral, as only renewable energy sources are used in their production.
Helen is creating a new heat production model for households with a new pilot project – Ground-source heat to be part of the company’s carbon-neutral range of energy solutions
Carbon-neutral heating plays a key role in the reduction of climate emissions. Geothermal heat and ground-source heat complement emission-free heat sources and are well suited for the district heating network. Helen also offers ground-source heat solutions for properties.
From here on in, OP's Vallila premises are heated with emission-free Recycled Heat, which is 100 per cent recycled waste heat. The move to emission-free Recycled Heat permits emission savings of about 4.6 per cent from OP Financial Group's own emissions.
The energy sector is undergoing a major transformation, with challenges posed by digitalisation, climate change and the changing market structures. Helen’s vision is to make the opportunities of a new energy era available to everyone – Sari Mannonen appointed SVP of Solution Business.
Helen continues to invest in carbon neutrality: one of the world’s largest heat pumps planned for Helsinki, enabling faster reduction in the use of coal
Helen is expanding the heating and cooling plant located under the Katri Vala Park in Sörnäinen with a new heat pump, the seventh in all. The investment is the first to replace coal use in the Salmisaari power plant: the output of the new heat pump corresponds to more than 10 per cent of the thermal capacity of Salmisaari.
In the energy sector, the transformation of environmental technology and the circular economy provide breakthroughs comparable to the internet at the same time as the role of consumers and data increases, says Juha-Pekka Weckström who took over the position of Helen’s CEO at the beginning of April. The central elements of the company’s strategy are carbon neutrality and strong customer focus. Maintaining a high level of security of supply and producing sufficient volumes of electricity and heat
The planning of the City Refinery, a joint venture by Helen, Lassila & Tikanoja and VTT, is making progress. The Ministry of Economic Affairs and Employment (MEAE) has granted energy aid to Helen for the City Refinery project where renewable raw materials can be processed from non-recyclable materials and utilised in the transport and materials sectors. The City Refinery is planned for Vuosaari.
Helen will close down the energy production use of the Vanhankaupunginkoski power plant museum. The museum power plant has no national significance in terms of energy production: however, the plant and especially the dam in the Vanhankaupunginkoski Rapids have harmful impacts on the ecosystem and migrating fish stocks in the river.
Helen’s good profit trend, strong balance sheet and financial position enable development and growth of solutions for a new energy era.