Who we are - Ilmatar

This is Ilmatar

Our aim is to help create a world that runs on renewable energy, and we want to do it sustainably.

Changing society. With Nordic renewable energy.

We are a leading Independent Power Producer (IPP) and renewable energy developer in the Nordics. We generate clean electricity sustainably and efficiently from natural sources, wind and sun. With energy storage, we enhance a more flexible energy ecosystem.

As the preferred partner for electricity-intensive businesses and local communities, we operate at scale. We develop, own and operate a diverse range of wind and solar energy production facilities throughout their operational lifetimes.

Our project portfolio covers approximately 8 GW.

Headquartered in Helsinki, we attract critical investments and drive innovation. We have over 60 top experts who enhance the clean transition.

What is an IPP? Independent Power Producers (IPPs) are key players in the emerging clean energy landscape. IPPs generate and sell electricity using their own production assets without owning the transmission infrastructure, and supply energy to the public grid or to contracted end-users. This increases diversity and competition in traditionally monopolistic energy markets.

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Key facts & figures

Renewable energy production 100%
Accelerating clean transition since 2011
Permanent employees appr. 60
Turnover MEUR 2025 47

Ilmatar in numbers

Our strategy

Working for a cleaner tomorrow

Focus on profitable energy solutions

In line with our strategy, we focus on projects with the strongest potential to move into construction and deliver long-term value. We prioritise financial viability, feasibility, and market demand in our project selection.

The Nordic region provides a strong operating environment for this: energy demand is expected to grow, driven by energy-intensive industries and the increasing demand for hydrogen. Stable societies and reliable electricity infrastructure create a solid foundation for long-term investments.

Expanding renewable energy solutions

We build integrated renewable energy solutions where wind and solar power are increasingly complemented by energy storage. Energy storage plays a key role in enhancing system flexibility and optimising production, improving project profitability and enabling a broader use of renewable energy.

We develop and construct projects responsibly, taking local impacts into account throughout their lifecycle.

At the forefront of energy innovation

We invest in high-quality project development and efficient construction. We operate as an independent power producer (IPP), with our own 24/7 trading as well as commercial and technical asset management.

We closely monitor developments in the energy market and develop solutions that meet the needs of both customers and investors. Our goal is to ensure the competitiveness and sustainable value creation of our projects throughout their lifecycle.

Our mission and values

Mission

The global climate crisis demands faster green transition. To meet this challenge, we invest significantly in sustainable energy solutions.

Values

Our values are the foundation for our work, guiding us in pioneering renewable energy initiatives. Our values are set by our own employees.

A trusted partner

We charge society with solar and wind energy, while ensuring grid flexibility with storage capacity. We are enabling the clean transition of major international companies as well as for other innovative players.

We work closely with our partners, including Power Purchase Agreement (PPA) counterparts. PPAs also known as long-term electricity purchase agreements, provide predictability and stability to both the power generator and the purchaser.

Commitment to projects through the whole lifecycle

Unlike traditional utility or energy companies, we are involved at every stage of the renewable energy process. We identify, develop, finance, construct as well as operate renewable energy production sites.

We have more than 15 years of experience in developing and delivering wind farms on a turnkey and EPC basis. In this time, we have gained unique experience of how to complete projects effectively.

It all starts from identifying the best locations and concepts. At the beginning of the projects, we are also responsible for land acquisition to secure permissions and all communications, engineering, evaluations, reporting, statements, and the technical side of the projects. Once all the necessary permits have been granted for the project, we handle the financial planning for the investment decision.

We develop and build renewable energy production facilities to own them. Since we are constantly working with world-class partners and investors, we are thoroughly familiar with the financing process of renewable energy and its requirements.

Together, this means we can provide the ideal mix of knowledge and experience to drive forward our vision of a renewable energy-powered world. With us, you will find a partner whose excellence has been obtained through years of practical work.

Our story

Our company name, Ilmatar, is derived from the Finnish national epic Kalevala, where Ilmatar is the goddess of air and the mother of all. Like her, we aspire to forge a new world, one where harmony with nature prevails.

Read our story

Executives & Board

Meet our management and key personnel, all dedicated to making a real difference to the way the energy production of the world works.

Executives and Board of Directors

What we do

Our core business is to help create a world that runs on renewable energy, and we are committed to performing our business in the most sustainable way possible. We aim to accelerate the renewable energy transition.