Genie Energy completes purchase of Lumo Energia
Genie Energy Ltd has completed the purchase of the majority and controlling stakes in Lumo Energia, a rapidly growing provider of electricity generated from renewable sources to residential customers in Finland.
Lumo Energia was founded in 2015 in Helsinki, and has grown to provide electricity to approximately 32,000 residential customers in Finland. Genie Energy expects the acquisition to positively impact earnings.
Genie Energy Ltd is a global provider of energy services. Genie's Retail division supplies electricity and natural gas primarily to residential and small business customers in the United States.
Country updates
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January 18, 2019
NTR acquires 200 MW wind portfolio in Sweden and Finland
NTR has announced that its Renewable Energy Income Fund II has acquired a portfolio of just over 200 MW of operational and pre-construction onshore wind projects in Sweden and Finland.
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November 20, 2018
Energiequelle starts buildings zero-subsidy wind farm in Finland
German renewables developer Energiequelle GmbH has kicked off construction of a 21.5-MW subsidy-free wind farm in Finland, its first wind project in the Nordic country. The so-called Paltusmaki wind...
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November 15, 2018
Vestas to deliver wind energy solution for subsidy-free project in Finland by CPC Germania
Vestas has secured an order from CPC Germania for the 50 MW Lakiakangas II wind park, which will be financed without any state subsidies. Located in Isojoki in the Southern Ostrobothnia region of Finl...
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November 15, 2018
Valmet to supply a biomass-fired boiler plant to Elenia Lämpö's Vanaja power plant in Hämeenlinna, Finland
Valmet will supply a biomass-fired boiler plant to Elenia Lämpö Oy's Vanaja power plant in Hämeenlinna, Finland. The investment will enable the company to raise the share of renewab...
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November 15, 2018
Gasum awards EPCM contract to Pöyry for its Topinoja biogas plant expansion project
Gasum Ltd has awarded Pöyry with the engineering, procurement and construction management (EPCM) services assignment for Topinoja biogas plant expansion project in Turku, Finland. The work will b...
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