Ilmatar Luhanka

Ilmatar Luhanka, commonly known as Ilmatar, is a Finnish independent power producer (IPP) and renewable energy developer. The company describes itself as a leading IPP and renewable energy developer in the Nordics, generating clean electricity from wind and sun and using energy storage to support a more flexible energy ecosystem. Its activities span onshore wind power, solar power, energy storage (including battery energy storage systems, BESS), business development and power purchase agreements (PPAs). Ilmatar was founded in 2011 by Kalle Pykälä and Mikko Toivanen, making it one of the first players in the Finnish renewable energy sector. The company takes its name from Ilmatar, the goddess of the air in the Finnish national epic, the Kalevala. Its first project was launched at the end of 2011. In 2013 it became the first Finnish company to secure project financing for a wind power project without a parent company guarantee. In 2014 it established Ilmatar Service and began co-development collaboration in Finland with Électricité de France (EDF). In 2018 it partnered with Omnes Capital, creating the joint venture Ilmatar Energy, and acquired the rights to the Piiparinmäki project from Metsähallitus. In 2019 the company expanded beyond its earlier role, broadening its direction in the market. Today Ilmatar develops, builds and operates renewable energy assets, with a project portfolio including operating onshore wind farms such as Möksy in Alajärvi, Finland, solar farms under development such as Tammela Luodesuo in Tammela, Finland, onshore wind under development such as Pyynevankangas in Merikarvia, Finland, and battery energy storage under development such as the Uppsalebo BESS in Västervik, Sweden. The company is headquartered in Helsinki and has offices in Tampere and Oulu. It employs around 60 experts, with an average employee age of 38.2 and 97% full-time employees. Its stated values are expertise, accountability, forerunner and sustainability. Ilmatar positions itself around sustainability and the clean energy transition, aiming to produce energy that benefits landowners, local communities, municipalities, customers and society. It publishes a Sustainability Report and engages in sector collaboration, for example through Finnish Energy's Communications Committee. The company remains privately held and is not listed on a stock exchange.

Ilmatar was founded in 2011 by Kalle Pykälä and Mikko Toivanen, making it one of the first players in the Finnish renewable energy sector. The company takes its name from Ilmatar, the goddess of the air in the Finnish national epic, the Kalevala; in the epic, Ilmatar lands in the primordial sea, is impregnated by the wind, and a scaup lays its eggs on her knee, from which the sun, earth, heavens, moon and stars are born. The founders chose the name to reflect their ambition to help create a more sustainable world. Ilmatar's first project was launched at the end of 2011. Between 2012 and 2018 the company developed its operations and shaped its role as the market evolved. In 2013 it became the first Finnish company to secure project financing for a wind power project without a parent company guarantee. In 2014 it established Ilmatar Service and began collaboration with Électricité de France (EDF) on co-development projects in Finland. The company continued its development work even as market conditions became more uncertain following the end of the feed-in tariff scheme. In 2018 Ilmatar partnered with Omnes Capital, leading to the creation of the joint venture Ilmatar Energy; Omnes brought both capital and international experience. The same year, Ilmatar acquired the rights to the Piiparinmäki project from Metsähallitus. In 2019 the company expanded its direction and moved beyond its earlier role in the market. In the years since, Ilmatar has built a portfolio of renewable energy assets and projects across the Nordics. Its operating assets include the Möksy onshore wind farm in Alajärvi, Finland. Its development pipeline includes the Tammela Luodesuo solar farm in Tammela, Finland, the Pyynevankangas onshore wind project in Merikarvia, Finland, and the Uppsalebo battery energy storage system (BESS) in Västervik, Sweden. The company describes itself as a leading independent power producer and renewable energy developer in the Nordics, generating clean electricity from wind and sun and using energy storage to support a more flexible energy ecosystem. Its business areas include onshore wind power, solar power, energy storage, business development and power purchase agreements. Ilmatar is headquartered in Helsinki and has offices in Tampere and Oulu. It employs around 60 experts, with an average employee age of 38.2 and 97% full-time employees. The company's values — expertise, accountability, forerunner and sustainability — are set by its own employees. It publishes a Sustainability Report and participates in industry collaboration, including through Finnish Energy's Communications Committee.

• 2019

  Expanded its direction and moved beyond its earlier role in the market.

• 2018

  Partnered with Omnes Capital to create the joint venture Ilmatar Energy; acquired the rights to the Piiparinmäki project from Metsähallitus.

• 2014

  Established Ilmatar Service and began co-development collaboration with Électricité de France (EDF) in Finland.

• 2013

  Became the first Finnish company to secure project financing for a wind power project without a parent company guarantee.

• 2011

  Ilmatar founded by Kalle Pykälä and Mikko Toivanen; first project launched at the end of the year.

Leading independent power producer and renewable energy developer in the Nordics, focused on sustainable clean energy and a flexible energy ecosystem.

• Onshore wind power

• Solar power

• Energy storage (BESS)

• Power purchase agreements (PPAs)

• Business development

• Unconfirmed

  Reported2019.09.30

  Glennmont acquires the Piiparinmäki wind farm[6]Glennmont 收购 Piiparinmäki 风电场realassets.ipe.com

  Glennmont Partners, on behalf of its Clean Energy Fund III, acquired the 211.4MW Project Piiparinmäki wind farm in Finland from Ilmatar Energy for an undisclosed sum.

Read more

1. 1Frontpage - Ilmatarilmatar.com
2. 2Our story - Ilmatarilmatar.com
3. 3Anne Laitinen: “Working in communications provides a unique perspective across almost the entire organization.” - Ilmatarilmatar.com
4. 4Careers - Ilmatarilmatar.com
5. 5Ilmatar Luhanka - Wikidatawikidata.org
6. 6Glennmont 收购 Piiparinmäki 风电场realassets.ipe.com