Wednesday, September 26, 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…

​​​​Google Buys into New Finnish Wind Energy in Renewables Search

© W.Scott McGill/ Adobe Stock

Google said it has signed a 10-year deal to buy renewable energy from three new wind farms that are being built in Finland and which will power one of its data centers.Big companies have rushed to secure cheap

DNV GL Pact with WeatherTech on Wind Turbines

Photo: DNV GL

DNV GL, the world’s largest resource of independent energy experts and certification body, today announced that it has joined forces with Swedish atmospheric science experts…

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…

Nord Stream 2 Seeks Alternative Route to Avoid Danish Waters

© Nord Stream 2 / Axel Schmidt

The Russia-led Nord Stream 2 consortium said on Friday it has applied to Denmark for an alternative gas pipeline route through the Baltic Sea that would avoid the Nordic…

Gasum acquires Enegia's power market services

© Jani Riekkinen / Adobe Stock

Finland's state-owned gas firm and transmission system operator Gasum acquired the customer base of power broker Enegia, a company that handles the trading of about a quarter of the country's electricity use, t

Environmentalists File Second Complaint to Block Nord Stream 2

Photo courtesy of Nord Stream 2

Environmental campaign group ClientEarth has filed a complaint with a court in Sweden to block the construction through Swedish waters of the Nord Stream 2 gas pipeline…

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…

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…