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Finland approves operation of Loviisa nuclear plant to 2050
The Finnish government has approved utility Fortum’s application to extend the lifetime of its two reactors (1 GW) at the Loviisa nuclear plant to 2050, from 2027 and 2030, respectively, it said on Thursday.
read more... 17/02/2023
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Countries warn EU against 'crisis mode' overhaul of energy market
Denmark, Germany, the Netherlands, Estonia, Finland, Luxembourg and Latvia have warned Brussels not to rush into major changes to the European Union's electricity market in response to the energy crisis, calling instead for limited tweaks to the system.
read more... 14/02/2023
Construction of Finland's first green hydrogen plant begins
The construction of Finland's first industrial-scale green hydrogen production facility began on Friday, its future operator P2X Solutions said.
read more... 23/01/2023
Plan to extend Finland's 1st offshore wind farm advances in permitting
Finnish wind power producer Suomen Hyotytuuli Oy on Thursday said its offshore wind farm extension project near Pori on the west coast of Finland is moving ahead to the permitting stage.
read more... 09/01/2023
Finland Proposes 30% Windfall Tax On Power Companies
The Finnish government has announced on Thursday that it has proposed a temporary windfall tax on profits from the country's electricity companies as part of a European Union response to soaring power costs. The proposed 30% tax would apply to any profits exceeding a 10% return on capital in 2023, with the government estimating it could bring in between 500 million and 1.3 billion euros ($533 million-$1.9 billion).
read more... 30/12/2022