With a portfolio boasting 15 operational wind farms and a large solar park currently under construction, Exilion is a significant force driving Finland's renewable energy future. Mind Energy provides a seamless route to market, balancing power generation and ensuring that Exilion – and the Finnish power grid – can maximise the potential of the renewable energy assets.
Sustainability and a deep sense of responsibility. Those words underpin Exilion's substantial investments in renewable energy production. Owned by Elo Mutual Pension Insurance Company, Veritas Pension Insurance, and the State Pension Fund of Finland, the company is driven by actively contributing to the reduction of carbon emissions within the energy sector.
Central to achieving this is the ability to effectively bring their renewable energy production to the market.
"Our partnership with Mind Energy contributes to optimising the efficiency and value creation from our renewable energy investments. Their delivery of an effective and cost-efficient route to market helps us realise the full benefits of our portfolio,"
says Tommi Riski, Investment Manager in Exilion.
About the partnership
A solution that aligns with Exilion's specific business, strategic mandate, and risk profile – both for their current needs and future growth.
Mind Energy delivers essential balancing services for Exilion, optimising the output from their current portfolio of 123 wind turbines based on dynamic market demand and trading on their behalf in the day-ahead power market. All to facilitate the smooth integration of Exilion's sustainable energy sources into the grid, directly supporting their contribution to the broader energy transition
Finland's renewable energy market is undergoing rapid evolution, presenting both exciting opportunities and complex challenges. Navigating this dynamic landscape requires an experienced partner.
"Participating in the energy markets is a 24/7 undertaking. For a company like ours, having a strong partner is key, which is why we chose Mind Energy. Their presence and proven track record in balancing power in other Nordic countries – where wind energy market development mirrors Finland's current path – is valuable to us,”
explains Tommi Riski.
Beyond a pan-Nordic presence, Mind Energy's cost-efficient route to market was a critical factor in Exilion's decision, with competitive pricing holding significant weight.
Together, the two companies have tailored a solution that aligns with Exilion's specific business, strategic mandate, and risk profile – both for their current needs and future growth. The near future holds many exciting projects for Exilion, including the ongoing construction of their first 70MW solar park, further fueling Finland's crucial energy transition.