NYAB's associated company Skarta Energy has made an investment decision regarding Finland's solar farm that will be constructed in the municipality of Utajarvi in Northern Ostrobothnia. At the same time, NYAB has been selected as the contractual partner for engineering, procurement, and construction of the project. Estimated total value of the agreement between NYAB and the project company is EUR 69 million.

The first phase of the project, including purchases and preparatory work, will be started without delay and it will be financed by Skarta Energy's majority owner CapMan Nordic Infrastructure II fund. The entire project is estimated to be completed during the first half of the year 2026. The solar farm to be constructed in Utajarvi is a significant part of Skarta Energy's target to build 800 MW of solar power during the next five years.

It will be constructed to disused peat bog areas and have an estimated capacity of 102.5 MWp and an annual energy production of 97 GWh. The Ministry of Economic Affairs and Employment in Finland has granted the project an investment aid of EUR 13.3 million. The solar farm is intended to be connected to the main grid in accordance with the connection agreement previously signed with Fingrid.