Latest news
Areva-controlled conglomerate will pay $554 million to settle Finnish reactor row
France’s Areva and Germany’s Siemens will make a payment of 450 million euros (£400 million) for cost overruns and postponements at a nuclear reactor which they are constructing for Teollisuuden Voima (TVO) in Finland, settling a long-running dispute.
read more... 12/03/2018
E.ON wants to sell remaining Uniper stake to Fortum for €3.76 billion
German energy group E.ON declared it would sell its last 46.65% stake in Uniper to Finland’s Fortum.
read more... 10/01/2018
Finnish Fortum nuke plant hit a new production record
Finland energy company, Fortum's Loviisa nuclear power plant hit a historical peak power generation in 2017 producing over 10 percent of Finland's total electricity. Loviisa produced 8.16 billion kilowatt-hours of power.
read more... 05/01/2018
Chinese state grid companies will bid for Finland's Elenia
Two state-owned Chinese electricity grid companies are interested in acquiring Finland's second-biggest power distributor, Elenia Oy, in a transaction that might be valued at 3 billion euros, as stated by sources on Friday.
read more... 25/09/2017
Finland will close most of coal power industry and will increase carbon taxes in 2018
Finland has a goal to get rid of coal as an energy source by 2030. To achieve this new legislation will be approved next year, imposing a ban on the coal plants, however leaving "room for maneuver" to ensure the security of supply. Some coal-fired power plants could still be available, to avoid the risk of blackouts.
read more... 01/09/2017