Suvic Oy's Significant Wind Farm Project Marks New Era for Dovre

Suvic Oy Signs Major Wind Farm Contract

Dovre's subsidiary, Suvic Oy, is making waves in the renewable energy sector by signing a groundbreaking contract for the construction of a significant wind farm. This ambitious venture is set to not only boost Finland's energy output but also highlight Dovre Group Plc's dedication to sustainable energy solutions.

Details of the Wind Farm Project

The newly signed agreement, valued at approximately 54 million euros, represents a critical step forward in Suvic's commitment to expanding its renewable energy footprint. This contract involves a detailed Balance of Plant (BoP) execution, which encompasses various essential tasks such as design, site preparation, road construction, foundations, and the essential internal grid required for a successful wind farm operation.

Conditional Agreement and Timeline

Though the contract is promising, it is subject to a 'Notice to Proceed' (NTP) contingent upon the client's investment decision. This critical decision is anticipated to arrive in the upcoming months, allowing Suvic to move forward with the project's next phases. The company expects to complete a significant portion of the work by the end of 2026, aiming for the wind farm to be operational by late 2027.

Suvic's Role in Renewable Energy Development

Founded in Oulu in 2017, Suvic Oy has quickly established itself as a significant player in the Nordic renewable energy construction market. The company's innovative approach in design, construction, and project management underpins its current projects, which include several wind and solar installations across Sweden and Finland.

Ongoing Projects and Innovations

Among Suvic's ongoing projects are the Storhöjden and Vitberget wind farms in Sweden, operated by Renewable Power Capital Ltd. These projects exemplify the company's commitment to integrating innovative practices within the renewable energy sector. Moreover, Suvic is actively involved in solar energy initiatives like the Heinineva solar farm and advanced heat pump installations, showcasing its versatile capabilities within the industry.

Company Overview and Future Outlook

Dovre Group, including its subsidiaries Suvic Oy and Renetec Oy, is geared towards providing comprehensive renewable energy solutions. The Group projects estimated sales of around 99 million euros for the upcoming year, a testament to its growing influence in the sector. With around 200 dedicated employees, Dovre is well-positioned to lead in both project management software and industrial virtual reality services through its associated companies.

Commitment to Sustainable Energy

As the world moves closer to sustainable energy dependence, companies like Dovre and Suvic Oy are paving the way for future technological advancements in energy solutions. Their projects not only promise to enhance the renewable energy landscape but also set an example for other nations to follow in embracing sustainable practices.

Frequently Asked Questions

What is the main focus of Suvic Oy?

Suvic Oy focuses primarily on renewable energy construction, including projects related to wind, solar, and battery storage systems.

What is the financial value of the recent wind farm contract?

The contract signed by Suvic for the construction of the wind farm is valued at approximately 54 million euros.

When is the expected completion date for the wind farm?

Construction work is expected to be largely completed by the end of 2026, with the wind farm entering production by the end of 2027.

Which areas are involved in Suvic's current projects?

Suvic's ongoing projects are predominantly based in Sweden and Finland, focusing on innovative wind and solar energy solutions.

How does Dovre Group plan to grow in the renewable sector?

Dovre Group aims to expand its renewable energy projects and solutions, with an estimated sales growth projected at around 99 million euros for the coming year.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

Contact Dylan Bailey privately here. Or send an email with ATTN: Dylan Bailey as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.