Project Cancellation

Tahkoluoto Offshore Oy cancelled the two-turbine demonstration phase associated with the Tahkoluoto offshore wind farm Extension project and decided to proceed directly with developing the full 40-turbine extension. The demo project, which had secured a EUR 30 million investment grant from Finland’s Ministry of Economic Affairs and Employment and was intended to pilot large 15 MW turbines, deep-water foundation concepts and construction methods at 15–45 metres depth, was discontinued because delivery schedule changes would have invalidated the grant and because of high cost pressures and uncertainty over offshore wind property taxation in Finland; the decision was stated not to affect the scope or 2027–2029 construction timeframe of the main extension project, whose investment decision remains scheduled for end-2026.