Kuolavaara-Keulakkopaa is a 51MW onshore wind power project. It is located in Lapland, Finland. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in 2016.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Onshore 51 51 Active Lapland, Finland Impax Asset Management Group; Metsahallitus


The project was developed by Impax Asset Management Group and Metsahallitus. The project is currently owned by Allianz Capital Partners.

The project cost is $93.33m.

The project has 120m high towers.

Development Status

The project is currently active. The project got commissioned in 2016.

Contractors Involved

Nordex was selected as the turbine supplier for the wind power project. The company provided 17 units of N117/3000 turbines, each with 3MW nameplate capacity.

Nordex is the O&M contractor for the wind power project for a period of 5 years.

About Impax Asset Management Group

Impax Asset Management Group Plc (Impax Asset Management) is an investment management service provider. The company offers investment services to funds practice in the environmental markets sector. Under listed equity funds portfolio, the company focuses on the alternative energy, water, waste, food, agriculture and related markets. The company’s private equity infrastructure funds include investments in power generation assets in the renewable energy sector. It operates through subsidiaries in the US, Portland, Hong Kong, Ireland and the UK. Impax Asset Management is headquartered in London, Greater London, the UK.

About Metsahallitus

Metsahallitus is a diversified company. The company’s services include promoting biodiversity, forest ecosystem securing services, outsourcing Finnish forestry, water protection, managing cultural heritage sites, recreation service, forest management, research and development, natural resource planning, management and land use planning, and training. Its activities include plot and forest real estate business, sale of buildings and active project development in the wind power business. Metsahallitus also facilitates fish farming development in public water areas. It enables infrastructure construction around Finland by exploring soil and rock reserves on state land, issuing permits and leasing extraction sites to companies. The company has operations throughout Finland. Metsahallitus is headquartered in Vantaa, Helsinki, Finland.


All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.