One of Finland’s most competitive solar power projects reaches ready-to-build status in Loviisa

A legally binding building permit has been granted for the solar power plant developed by Korkia and project development partner Solmar Consulting in the Musa area of Loviisa, and the project has reached ready-to-build status. The Uusimaa region’s high solar irradiation levels and proximity to grid connection create the conditions for a competitive solar power investment.

The planned solar power plant has a maximum capacity of approximately 80 MW, with the energy produced equivalent to the annual consumption of up to 5,000 electrically heated homes. A 30-megawatt battery energy storage system (BESS) has also been permitted in connection with the solar power plant, enabling optimal utilization of the grid connection capacity.

Land lease agreements were signed for the approximately 115-hectare solar park area in spring 2024, and the nature, stormwater, soil, and landscape studies required for the building permit were completed during summer 2024.

“The location on Finland’s southern coast ensures exceptionally good production for the solar power plant. Above-average electricity production combined with proximity to grid connection and favorable construction conditions make this solar power plant one of Finland’s most competitive,” says Matti Manner, responsible for solar power project development in Finland at Korkia.

Innovative regional planning supports agricultural prerequisites and vitality

The Musa solar power plant area consists of several smaller areas positioned on less productive agricultural and forest lands. This way, most of the area’s fields remain in agricultural use, and the project also supports the area’s agricultural prerequisites and vitality.

“We have developed the Musa solar power project in close cooperation with landowners and other stakeholders. A new aspect of the project has been combining several smaller, separate areas into one entity. This approach has helped minimize the project’s landscape and other impacts. The project supports the vitality of the region and contributes to Finland’s goal of increasing electricity production based on renewable energy,” says Project Manager Peter Tuominen from Solmar Consulting.

Korkia’s project portfolio advances in nine countries

Korkia is a global project developer and financier accelerating the transition to renewable energy. Our project portfolio includes over 150 renewable energy projects in nine countries. As of August 2025, 9.4 gigawatts of our 22-gigawatt project portfolio are in late-stage development.

Among the projects developed by Korkia and its project development partners, a solar power plant in Orimattila, a battery storage project in Sievi, and solar power and battery projects in Italy have recently advanced to ready-to-build status. Additionally, Korkia sold a ready-to-build solar power and battery storage project in the United Kingdom to a fund managed by NextEnergy Capital, one of the world’s largest solar power investors, in early 2025.

Further information:

Matti Manner 
Investment Director, Korkia 
+358 40 735 0583 
matti.manner@korkia.fi