Suvic Oy Signs EPC Contract with CPC Finland Oy to Build Largest Finnish Solar Farm

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Energy solutions conglomerate Suvic Oy has announced that it has signed an EPC contract with CPC Finland Oy for the construction of Lakari Solar Park in Finland. The solar park has a maximum output capacity of 32 MW.

CPC Finland Oy is the fully owned subsidiary of the Germany-based CPC Germania, which is a project developer, operator and green power producer of wind and photovoltaic projects.

Suvic Oy held that this will be the largest solar park in Finland under construction and when in operation. The yearly electricity production is estimated to be about 32,000 MWh from the solar plant.

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The Lakari project constitutes a significant expansion into a new business area for Suvic. The cost of the EPC contract is said to be valued at about EUR 18 million.

The official statement of Suvic Oy held that the solar park will be located in Lakari, near the city of Rauma, and it will cover an area of about 40 hectares. The construction work will commence in the spring of 2023 and the project is expected to be ready in the beginning of 2024.

Jari Koppelo, Business Manager of Suvic, said, “We are excited about constructing the Lakari solar park together with CPC Finland Oy and we are honoured to collaborate in the largest solar park built in Finland to date. Suvic has during the 2022 developed its own solar construction concept with the ambition to offer the most cost-efficient solution in the market with the best-in-class equipment technology. Now this innovative and scalable solar concept is implemented in real life, and we are grateful for the trust our client has bestowed in our ability to deliver.”

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With this significant new contract order backlog for 2023 of Suvic Oy will be about EUR 50 million. Suvic Oy also has potential of expanding into new areas of renewable energy construction.

The National Energy and Climate Strategy of Finland says that the objective is to increase the consumption of renewable energy over 50% by 2030.