Tuesday, July 17, 2018

Finland News

Finland's Fortum Bets on Fledgling Russian Wind Power Market

© Fabian / Adobe Stock

Finnish utility Fortum is hoping to attract financial partners for its new wind and solar projects in Russia, where it aims to capitalise on its decade-long presence in…

Environmental group files complaint to stop Nord Stream 2 in Finland

Pipes for Nord Stream 2 gas pipeline in Kotka, Finland (Photo: Gazprom)

Environmental campaign group ClientEarth on Monday said it had submitted a complaint to a Finnish court seeking to stop the construction of the Nord Stream 2 gas pipeline…

Nord Stream 2 Dredging Starting Off German Coast

An ROV operates from the vessel Trio to explore the seabed close to Lubmin, Germany. (File photo: © Nord Stream 2 / Axel Schmidt)

A consortium of western companies and Russia's Gazprom that is due to build the controversial subsea Nord Stream 2 gas pipeline to Germany said on Tuesday it was starting…

Finland to Reduce Stake in Oil Refiner Neste

Finland on Tuesday said it would sell 12.8 million shares in oil refiner Neste, representing about 5 percent of the company.After completion of the sale, Finland's holding…

Austrian Parties Plan to use Brexit to Reopen EU Nuclear Power Pact

Austria's main conservative and far-right parties, which are in coalition talks, plan to use Britain's departure from the European Union to renegotiate the bloc's main atomic…

Finland's Stake in Neste Drops Below 50 pct

The Finnish government on Thursday donated shares in oil refiner and renewable diesel producer Neste to a Finnish foundation that promotes the wellbeing of children, effectively…

E.ON to Sell Remaining Uniper Stake to Fortum

Germany's E.ON will tender its remaining 46.65 percent stake in Uniper to Finland's Fortum, it said on Monday, ahead of an official deadline later this week. The decision…

Statkraft in Talks with Firms to Set up Data Centers in Norway

Norwegian power firm Statkraft is negotiating with U.S. and other companies to build large data centers in its home country, favored by a recent change in Norway's tax system…

Swedish Steel Plant to Run on Hydrogen

Steelmaker SSAB plans to build the world's first fossil fuel-free steel plant powered by hydrogen, backed by utility Vattenfall and miner Luossavaara Kiirunavaara, the Swedish firms said on Thursday.

UPM May Build New Biofuel Plant in Finland

Pulp and paper maker UPM is looking at building a new renewable fuel plant in Finland, it said on Monday, part of efforts to find new sources of growth in response to falling paper demand in Europe.

Gasum to Set up Floating Gas Station Network

Photo courtesy Gasum

In line with the Nordic gas ecosystem, Gasum will be setting up heavy duty gas stations. The aim is to establish a tank infrastructure that meets the heavy transport segment's…

Fortum Eyes More M&A With Unspent Uniper Cash

Finland's Fortum, which failed last month in its bid to win majority control of Germany's Uniper, is now considering other acquisitions, Chief Executive Pekka Lundmark said on Thursday.

Finland's Hanhikivi 1 Reactor on Track, Unaffected by Sanctions - Rosatom

A planned nuclear reactor in western Finland, owned by a Finnish-Russian consortium, will meet its 2024 commissioning target despite delays in licensing, and will not be affected by sanctions on Russia…

Sweden's Vattenfall to Cut 1,500 Jobs

Magnus Hall (Photo: Vattenfall)

Sweden's state-owned utility Vattenfall said on Monday it would cut 1,500 full-time positions among its employees and consultants by 2020 as part of a long-running drive…

Green Energy Share in Finnish Power to Hit High in 2018

© Alberto Masnovo / Adobe Stock

The share of renewable energy in Finland's power output is set to reach a new high in 2018, backed by new wind farms, but doubts over future government subsidies mean the trend is unlikely to continue…

Gazprom Gets Nod to Build Nord Stream 2 Gasline

File Image (CREDIT: AdobeStock / (c) Berkut 34)

Finland has given its approval for the construction of Russia's Nord Stream 2 gas pipeline through Finland's economic zone, the government and Russian gas exporter Gazprom said on Thursday.

Nod for Nord Stream to use Finnish EEZ

Pipes for Nord Stream 2 gas pipeline in Kotka, Finland Photo Gazprom

Nord Stream 2 AG today received the Finnish Government’s consent for the use of the Finnish Exclusive Economic Zone (EEZ) for the construction of the Nord Stream 2 natural gas pipeline.

Yaskawa Ups Investment in The Switch

The Switch has delivered over 1,000 rugged Power Drives for the past 10 years to hundreds of vessels operating around the world (Photo: The Switch)

Yaskawa Corporation is making a multimillion-euro investment to strengthen the R&D capabilities of The Switch and purchase new equipment at the company’s factory in Lappeenranta…

Fortum Contracted to Raise Finland's Solar Power Capacity

Photo: Fortum

Finland's Fortum, a majority state-owned utility company, won a tender to increase Finland's total solar production capacity by nearly 30 percent, the firm said on Monday.

Neste Beats Market Expectations, Shares Soar

File Image (CREDIT: AdobeStock / © scanrail)

Finnish oil refiner and biofuel producer Neste posted its highest ever quarterly result on Thursday, helped by a U.S. tax break and profitable biofuel production. Shares…

Cookie Settings