The wind power project will be built on nearly 3,200ha of land owned by Finsilva, a forestry and natural capital company.
Ilmatar Projects vice-president Erkka Saario said: “Finsilva is a stable and well-known forest owner in Northern Pirkanmaa, which lays a good foundation for project development and long-term partnership.
“Our companies’ values match well, since accountability, local presence, and consideration of and engagement with interest groups and local communities play an important role in each company’s operating model.
“We are also happy about the fact that our projects will have a broad and long-term impact on Northern Pirkanmaa’s regional economy.”
The Vermassalo wind power project could feature around 20–25 wind turbines in total.
A planning and permit process for the project is expected to begin by the end of this year.
Construction works at the site are planned for 2025–2026 and the wind farm is expected to generate clean energy between 2027 and 2028.
Finsilva managing director Juha Hakkarainen said: “Creating facilities for renewable energy, such as wind power, is an important part of our strategy.
“Renewable energy is the fastest evolving form of energy in the world, and it presents our company with interesting opportunities that we have decided to take.
“We want to be at the forefront in the responsible and diverse utilisation of forest and natural capital.”
Based in Helsinki, Ilmatar is active in developing, building and maintaining renewable energy solutions, as well as the sale of electricity to consumers and businesses.
Last month, the company’s subsidiary Ilmatar Solar announced plans to develop a 550MW solar park in Sweden.
Once completed, the solar park will generate enough energy to power 32,000 homes in the region.