Construction company YIT has signed a €105m ($110m) project management contract with Hitachi Energy to build a new production and technology centre in Mustasaari, Finland.
To be built in the Vikby industrial area, the new facility is expected to bolster Hitachi Energy's transformer production capacity in response to the increasing demands of the global energy transition.
The project encompasses the construction of a transformer development, testing, and production centre, alongside modern product development, testing, and office facilities.
The total area of the construction will span approximately 44,000m², including ancillary buildings, earthworks, and building technology works.
Hitachi Energy Finland managing director Matti Vaattovaara said: “Our new Hitachi Energy Park production and technology centre in the Vaasa region is part of our company's global multibillion-dollar investment in advancing a sustainable energy future.
“We are pleased with the cooperation agreement with the leading construction company YIT. With this investment, we will be able to more strongly support our customers' growing needs as energy production and consumption become more and more electrified, while at the same time giving us a solid basis for the growth of our business.”
“The project schedule is a critical factor for us, as more capacity is needed as soon as possible.”
Preparatory earthworks have already commenced, with the main construction activities scheduled to start in February 2025. The project is on track for completion at the beginning of 2027.
YIT Business Premises segment executive vice-president Peter Forssell said: “We are delighted that we were chosen as a partner to implement Hitachi Energy´s new production and technology centre that advances green energy transition and supports the journey towards a carbon-neutral energy future.
“The project, which is in line with YIT's strategy, also supports the core technologies that are key to Finland's electricity supply security, promotes the growth of Finland's renewable energy production and supports the electrification of industry.”
Earlier this month, YIT started construction of Asunto Oy Tampereen Kesätuuli, an eco-friendly residential apartment block in the Niemenranta district of Tampere, Finland.
