Google and VALOREM Group sign ten-year wind power purchase agreement to supply clean electricity in Finland
Google and VALOREM Group have disclosed a ten-year, pay-as-produced power purchase agreement, signed in 2024, covering electricity from the Matkussaari onshore wind farm in Kurikka, South Ostrobothnia, Finland. The farm — 148.5 MW across 27 Nordex turbines — became operational in May 2025 and now feeds clean electricity into the Finnish grid.
The deal marks a new chapter for Google’s Finnish footprint, which dates to 2011, and for VALOREM as an independent renewable energy producer expanding its presence in the Nordic market.
Google and VALOREM sign decade-long wind power deal in Finland
The pay-as-produced structure is pretty simple in practice. Google pays for electricity as the turbines actually generate it — no fixed-volume commitments, no guaranteed minimums. That design ties financial flows directly to real-world wind output, reducing risk for both parties while giving VALOREM a bankable revenue stream to fund new capacity.
It positions both companies as active participants in Finnish grid management, not just power producers and consumers on opposite ends of a wire.
Google disclosed the agreement alongside plans to expand its digital infrastructure in Finland, framing it as part of a broader push to power operations responsibly and bring more carbon-free energy onto the Finnish grid. For VALOREM, the PPA validates its long-term strategy as an independent renewable producer in the Nordic market. Both companies have something concrete to point to.
The Matkussaari wind farm sits in Kurikka, in South Ostrobothnia. It’s been fully operational since May 2025.
Why the agreement was reached: Grid demand and corporate clean-energy targets
Google’s history in Finland goes back to 2011. Since then, the company has built out data center infrastructure there and is now expanding further. Data centers are energy-intensive by nature, and as Google’s Finnish operations grow, so does its need for locally sourced, low-carbon electricity over the long term.
That demand profile made Finland a natural fit for a structured renewable deal. Buying on the open spot market means fluctuating prices and variable carbon content. A long-term PPA locks in a clean-energy supply tied directly to a specific wind asset — cleaner and considerably more predictable.
VALOREM’s logic is equally straightforward. Developing new wind capacity requires serious upfront investment, and lenders want assurance that the electricity will find a buyer. A ten-year offtake agreement with a creditworthy counterparty like Google provides exactly that. The pay-as-produced structure means VALOREM isn’t on the hook for generation shortfalls, while Google gets cost-predictable clean power.
The PPA was finalized in 2024, before the farm came online — a common approach in renewable development that helps de-risk construction financing before a single turbine spins.
Effects: New wind capacity added to the Finnish grid and ancillary services provided
Matkussaari is a substantial project. The farm’s 27 Nordex N163 turbines each carry a rated capacity of 5.5 MW, adding up to 148.5 MW of installed capacity — a meaningful contribution to regional electricity supply in South Ostrobothnia.
The farm doesn’t stand alone. Together with the nearby Kalistanneva wind farm — owned by HELEN and Ålandsbanken — Matkussaari forms part of the larger VIIATTI project, which totals 313.5 MW of combined capacity. VIIATTI was inaugurated in August 2025 and is the largest wind power project VALOREM has ever built.
Beyond raw generation, the deal has a grid management dimension. Google and VALOREM have worked together to provide ancillary services in Finland’s electricity reserve markets, allowing the wind farm to adjust output in response to local power system needs. This kind of flexibility supports grid stability — increasingly important as variable renewable generation continues to grow.
The ancillary services component reflects something more sophisticated than simple electricity sales. It positions both companies as active participants in Finnish grid management, not just power producers and consumers on opposite ends of a wire.
Background: Finland’s renewable energy position and VALOREM’s broader pipeline
Finland sits in a favorable spot within Europe’s energy transition. The country has abundant renewable resources — wind especially — and is seen as strategically placed to support broader decarbonization across the European energy system. VALOREM has been explicit about its ambitions there.
Carbon-free electricity is expected to play a central role in several overlapping shifts: the electrification of industry and heating, the development of renewable hydrogen and synthetic fuels, and the decarbonization of district heating networks. Finland’s resource base makes it a credible candidate to contribute across all of these fronts.
Data infrastructure fits into that picture too. The growth of data centers in Finland creates sustained, local demand for low-carbon electricity — the kind of demand that can anchor long-term renewable investment in a way spot-market purchasing simply can’t.
VALOREM has a development pipeline exceeding 2.3 GW in Finland, signaling that Matkussaari is one piece of a much larger buildout. The company has also cited European digital sovereignty as a factor: securing local, long-term clean power for data infrastructure reduces dependence on electricity imported from elsewhere.
Here’s a quick summary of the key facts. Google and VALOREM signed a ten-year, pay-as-produced PPA in 2024. It covers the 148.5 MW Matkussaari wind farm in Kurikka, which became operational in May 2025. The farm is part of the 313.5 MW VIIATTI project, inaugurated in August 2025 and VALOREM’s largest wind development to date. Beyond electricity supply, the two companies are jointly providing ancillary services to support Finnish grid stability. VALOREM’s broader Finnish pipeline exceeds 2.3 GW.
Kelly is an experienced writer with 15 years of experience exploring the big stories that shape our world, from tech breakthroughs and space exploration to climate, energy, and the fascinating quirks of science. She has a talent for turning complex ideas into sharp, memorable insights that stay with readers long after they’ve finished reading.
