Fortum divests its district heating business in Joensuu
Fortum has signed an agreement to sell its district heating business in Joensuu, Finland to Savon Voima Oyj. The total consideration on a debt- and cash-free basis is approximately EUR530 (US$587) million.
The transaction is subject to customary closing conditions and is expected to be completed in the first quarter of 2020.
Country updates
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November 27, 2019
TuuliWatti Oy selects Saft as provider of battery storage for Viinamäki wind project
TuuliWatti Oy has selected Saft Groupe SA, a unit of Total SA, to provide lithium-ion (Li-ion) energy storage system (ESS) for the 21 MW Viinamäki wind project in Finland. T...
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November 27, 2019
Vestas supplies turbines for 117.6 MW Paskoonharju II wind project in Teuva
Vestas has received an order from EPV Energia, a Finish energy company for 21 V150-5.6 MW turbines for the Paskoonharju II wind energy project in the municipality of Teuva, Finland. To maximise energ...
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November 18, 2019
YIT divests 45 MW Peuralinna wind project in Kyyjärvi to Suomen Hyötytuuli Oy
YIT has sold its first self-developed wind power project to Suomen Hyötytuuli Oy. The subject of the transaction is the Peuralinna wind power project in the municipality of Kyyjärvi. The pr...
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October 31, 2019
Denmark approves final section of Nord Stream 2 gas pipeline
The Danish Energy Agency (DEA) has approved Gazprom´s application for the final section of the EUR 9 billion (USD 10 billion) Nord Stream-2 gas pipeline which will transport natural gas fro...
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October 25, 2019
Fortum, Neste signs PPA for 90 MW Kalax wind project in Narpes
Fortum has signed a 12 year PPA with Finnish oil company Neste for the 90 MW Kalax Onshore Wind Farm in Närpiö, Finland. The construction of the Kalax wind farm was started in the spring of...
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