TM Voima
TM Voima Oy is a Finnish renewable energy developer founded in 2012 that develops wind power projects in Finland and Estonia, with 123.3 MW of installed capacity producing approximately 380 GWh annually. The company pivoted to wind development and investment activities after divesting its electrical infrastructure business to Caverion Oyj in 2023.
- Company typePrivate
- Founded2012
- HeadquartersYlivieska, Finland
- Headcount—
- GTM typeB2B
- OfferingServices
What TM Voima does
TM Voima Oy is a Finnish private renewable energy developer founded in August 2012 and headquartered in Vantaa, Finland. The company develops wind power projects primarily in Finland's Northern Ostrobothnia region and, through sister company TMV Green Oü, in Estonia. Across its portfolio, TM Voima has developed approximately 123.3 MW of installed wind capacity producing roughly 380 GWh of clean, emissions-free energy annually, with nearly 200 million euros invested in wind projects between 2014 and 2023.
The company's product portfolio centers on wind power project development, complemented by TMV Detections Oy, a wholly-owned subsidiary that provides proprietary online condition monitoring for hydroelectric plants, steam turbine plants, and other rotating machinery, enabling wider operating ranges and extended maintenance intervals. Until February 2023, TM Voima also operated an electrical infrastructure construction business (110-400 kV substations and transmission lines), which was divested to Caverion Oyj. Post-divestiture, the company has narrowed its focus to wind project ownership, Estonian expansion via TMV Green Oü, and growth-company investing.
TM Voima monetizes its wind portfolio through project ownership and energy production, with much of the Finnish development flow distributed through a strategic partnership with OX2, one of Europe's leading renewable energy developers, in which TM Voima acts as a local partner for landowner negotiations. Customer-facing stakeholders include Northern Ostrobothnia municipalities (property tax revenue, employment), landowners (lease income), and growth companies in which TM Voima invests capital and expertise. Following the 2023 restructuring, the company operates with a lean team of 9 employees split across Finland (5) and Estonia (4).
TM Voima firmographics
Firmographics- Name
- TM Voima
- Legal name
- TM Voima Oy
- Website
- https://tmvoima.fi
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Short description
- TM Voima Oy is a Finnish renewable energy developer founded in 2012 that develops wind power projects in Finland and Estonia, with 123.3 MW of installed capacity producing approximately 380 GWh annually. The company pivoted to wind development and investment activities after divesting its electrical infrastructure business to Caverion Oyj in 2023.
- Ownership category
- akta.pro rank
TM Voima industry classification
Industry- Product category
- Renewable Energy Development
- NAICS
- Wind Electric Power Generation (221115), Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Electric, Gas & Sanitary Services (4900)
- akta.pro primary industry
- Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF)
- akta.pro secondary industries
- Wind Farm Development & Permitting (Greenfield/Brownfield) (EUACAFAE), Wind Operations, Maintenance & Asset Management (Scheduled/Unscheduled) (EUAMACAH)
Keywords
Where TM Voima is headquartered
LocationHeadquarters
- HQ city
- Ylivieska
- HQ country
- Finland
- HQ region
- Europe
Offices1 record
Markets served
TM Voima business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Infrastructure, Operations, Technology or R&D
Revenue model
- Wind Power Project Development: TM Voima develops wind power projects and invests in renewable energy infrastructure. The company has invested approximately 200 million euros in wind power projects that produce around 380 GWh of clean energy annually. Revenue is generated through project ownership, energy production, and potentially project sales to partners.
- Investment Operations: TM Voima invests in growth companies where it can provide both capital and operational expertise. Through Patron Investments, the company focuses on active investing in listed stock indexes through options. TMV Detections Oy, a subsidiary, provides online monitoring services for power plants and rotating machinery.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
TM Voima product offering
Product offeringCore offering
TM Voima develops and invests in wind power projects in Finland and Estonia, with approximately 123.3 MW of installed capacity producing about 380 GWh of clean energy annually. The company also invests in growth companies as a capital and expertise partner, and through its subsidiary TMV Detections Oy provides online monitoring services for hydroelectric plants, steam turbine plants, and other rotating machinery.
Product overview
TM Voima operates as a wind power and clean energy production company with a portfolio of three main offerings: its core wind power project development business (TM Voima Wind Power Projects) spanning Finland and Estonia with approximately 123.3 MW capacity; TMV Detections Oy, a subsidiary providing online condition monitoring services for power plants and rotating machinery; and TMV Green Oü, a sister company developing renewable energy projects in Estonia. The company shifted from electrical infrastructure construction (sold to Caverion in 2023) to focusing on renewable energy projects and investment activities in growth companies.
Differentiator
Problem solved
Functional benefit
Products and services
- TM Voima Wind Power Projects
- TMV Detections Oy Online Monitoring Service
- TMV Green Oü Renewable Energy Development
- Growth Company Investment Program
Quantifiable outcome
- 380 GWh of clean energy produced annually
- +3 more outcomes
Companies that use TM Voima
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles4 records
TM Voima technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
TM Voima partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor and core.
- Caverion Oyjminor
- OX2coreTM Voima collaborates with OX2 (one of Europe's leading renewable energy developers) on wind power projects in Finland. TM Voima acts as the local partner in negotiations and cooperation with landowners. OX2 handles project development and commercialization while TM Voima provides local expertise and relationships. Projects include Kukonaho (Nivala), Tuomiperä (Ylivieska), Pajukoski 2 (Ylivieska), and Rahkola-Hautakangas (Haapavesi/Oulainen).
- TMV Green OücoreTMV Green Oü is the sister company of TM Voima, specializing in planning and constructing renewable energy projects in Estonia. TMV Green began wind power project development in 2020 and currently has approximately 15 wind power projects under development. The company aims to develop hybrid projects combining wind power, solar power, energy storage, and potentially hydrogen production.
Scale indicators7 records
Recent moves7 records
Expansion highlights5 records
TM Voima competitors and assessment
Company assessmentRegional players
- Eesti Energia: Eesti Energia is the Estonian state-owned energy company operating renewable generation including wind. It is the dominant incumbent in Estonia where TM Voima's sister company TMV Green is developing 15 wind projects, making it a primary regional competitor and benchmark.
- Enefit Green: Enefit Green, a subsidiary of Estonian energy group Eesti Energia, is a Baltic renewable energy operator with wind and solar assets. As the leading Estonian wind developer, it directly competes with TMV Green for sites, permits, and grid access in Estonia.
Direct peers
- Taaleri Energia: Taaleri Energia is a Finnish renewable energy investment fund and developer focused on wind and solar power. Acquires and develops wind farms through its fund structure, comparable to TM Voima's hybrid invest-and-develop model.
- OX2: OX2 is one of Europe's leading renewable energy developers and TM Voima's core partner for wind project development in Finland. Both companies develop and invest in onshore wind farms in the Nordics, with TM Voima acting as local partner and OX2 handling commercialization. Directly comparable in target market and product focus.
- Ilmatar Energy: Ilmatar Energy is a Finnish independent renewable energy developer and operator focused on onshore wind and solar power projects in Finland. Same product (wind farm development and ownership), same geography (Finland), and similar scale of pipeline — making it a direct functional peer to TM Voima.
- CPC Finland (Deutsche Windtechnik subsidiary): CPC Finland is a Finnish wind farm developer with a portfolio of operating wind projects and development pipeline. As a develop-and-own operator in Finland, it overlaps directly with TM Voima's core wind farm ownership and development business model.
- wpd Finland: wpd Finland is the Finnish subsidiary of wpd AG, one of Europe's largest wind project developers. It develops, builds, and operates onshore wind farms in Finland, directly competing with TM Voima for sites, landowners, and offtake contracts in the Finnish market.
Broad incumbents
- Fortum: Fortum is a major Finnish/Nordic utility with significant wind power generation assets and renewable development activities. While much larger and broader, its renewable generation arm competes for project pipeline and offtake contracts in the same Finnish markets TM Voima serves.
- Helen Ltd: Helen is one of Finland's largest energy companies, operating renewable generation including wind power and pursuing decarbonization. It is a broad incumbent that competes with TM Voima for utility-scale wind sites and PPAs in Finland.
Others
- Caverion Oyj: Caverion Oyj acquired TM Voima's substation and transmission line business in February 2023. It is an adjacent infrastructure service provider rather than a wind developer, but is comparable as the acquirer of TM Voima's former core EPC business and a partner in Finnish energy infrastructure.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
TM Voima social profiles
Digital presenceTM Voima financial estimates
Financial estimateRevenue estimate
Valuation estimate
TM Voima leadership team
Management profileNumber of profiles
Profiles8 records
TM Voima subsidiaries and ownership
Company hierarchySubsidiaries2 records
TM Voima funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TM Voima M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TM Voima
What does TM Voima do?
TM Voima develops and invests in wind power projects in Finland and Estonia, with approximately 123.3 MW of installed capacity producing about 380 GWh of clean energy annually. The company also invests in growth companies as a capital and expertise partner, and through its subsidiary TMV Detections Oy provides online monitoring services for hydroelectric plants, steam turbine plants, and other rotating machinery.
Is TM Voima a public or private company?
TM Voima is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was TM Voima founded?
TM Voima was founded in 2012.
Where is TM Voima based?
TM Voima is headquartered in Ylivieska, Finland, in the Europe region.
How does TM Voima make money?
Two revenue lines are on record. Wind Power Project Development is the primary driver. The others are investment Operations.
Who are TM Voima's main competitors?
Regional players on record are Eesti Energia and Enefit Green. Direct peers are Taaleri Energia, OX2, Ilmatar Energy, CPC Finland (Deutsche Windtechnik subsidiary) and wpd Finland. Broad incumbents are Fortum and Helen Ltd. Caverion Oyj is listed as an others.
Does TM Voima have an API?
No public API is recorded for TM Voima.
What industry is TM Voima in?
TM Voima's product category is Renewable Energy Development. Its primary akta.pro industry code is EUACAFAF, Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations), with a secondary code of EUACAFAE, Wind Farm Development & Permitting (Greenfield/Brownfield). Its NAICS code is 221115 and its SIC code is 4900.