🇫🇮 Ilmatar has established a new intraday power trading desk

Press release from Ilmatar

Ilmatar is thrilled to announce a significant milestone for the company as we have established a new intraday trading desk. With the establishment of the intraday trading desk, we have taken a decisive leap forward towards becoming a fully-fledged Independent Power Producer (IPP) in the renewable energy sector. This 24/7 desk, in collaboration with the rest of our physical trading team, empowers us to optimize our energy portfolio in the Nord Pool day-ahead and intraday electricity markets as well as participating on ancillary service markets. As far as we know, this is the first time in over ten years an energy company in Finland has established its own 24/7 trading desk.

By the end of 2023, our production portfolio consists of eight wind farms and one solar farm with annual production estimate of 1TWh.

Ilmatar’s Generation department now comprises five specialized teams: physical power trading, financial trading, asset management, risk & middle-office, and technical & commercial service team.

Stay tuned for more updates as we continue our journey towards becoming a leading Nordic renewable power company

Originally published on 22 August.