Lumituuli
Wind power company owned by its electricity customers, selling wind power from its own turbines in Lumijoki and Ii, Finland
Highlights
- New on EvolcAdded 2026-10-29
About Lumituuli
Lumituuli Oy produces wind electricity at its own turbines in Lumijoki (2 MW Vestas) and Ii (0.8 MW Enercon) and sells it to its shareholders. Each share entitles the holder to buy 500 kWh of electricity per year at a price set by the board.
Customers are the company's shareholders, of whom the website reports more than 1,350. The company was founded in 1998 and is headquartered in Helsinki. It has funded and built its turbines itself and reports having raised almost six million euros through share issues and debenture loans, with the remainder financed by a bank loan. A subsidiary, Lumiwatti Oy, is involved in the Isokangas II battery storage project in Ii.
Product: Wind electricity sold to shareholders from two owned wind turbines in Finland.
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