Finland-based stainless steel producer Outokumpu has announced that it has decided to invest in a further stake in the Rajakiiri wind farm in Tornio, as part of its strategy to increase its self-sufficiency in energy production. With the latest investment, Outokumpu’s ownership in the 45MW wind farm rises to a level of close to 9MW and 19.9 percent of shares.
“In the summer of 2023, we started a journey to gradually increase our investments into electricity production to better diversify our energy consumption sources and to reduce our electricity-related risk through more predictable energy pricing and less market-based volatility,” Tony Lindström, general manager of the company’s energy unit Outokumpu EvoEnergy.
