Business Tornio Oy, a Tornio-based development company, and Skarta Energy Oy have signed a letter of intent on the preparation of a feasibility plan for a solar power plant in Tornio. If implemented, the investment in the approximately 100-hectare solar farm would amount to about EUR 60 million.
The industrial-scale solar farm is planned be located in a partially decommissioned borrow pit in the Kyläjoki area. The Arctio North industrial park is currently being planned next to the area. Placing large-scale industry near a solar farm will introduce significant synergies to the industrial area. The feasibility plan will include surveys to support the investment decision, identify potential partners and review the requirements of the location in more detail. Business Tornio will act as an active network builder between different operators, utilising its regional expertise and networks.
For Skarta Energy, the letter of intent plays a significant role in the growth and development of the company’s operations.