SLOVAK company E-Group has acquired the Finnish Posion Eregia Oy company, allowing it to enter the Finnish energy market. The Slovak company plans to construct a wind power station with an installed capacity 10 MW, which comes with a €15-million price tag, the TASR newswire wrote on May 14.

With the acquisition of Posion Energia Oy and the construction of the wind power station, E-Group is completing the first phase of entering the Finnish energy market, Anton Bielik said as cited by TASR.

E-Group, which considers the potential of the Finnish market – as well as the competition within it - to be huge, plans to gradually carry out several energy projects in Finland.

The construction of the winter power station in Posio in southern Lapland was planned to start in June, with its completion slated for autumn 2015.