Neste has proceeded to the basic engineering phase of its 120 MW electrolyzer project which will feature green hydrogen production at its Porvoo refinery in Finland. The investment decision is expected to be reached in early 2024. The production of green hydrogen could start in 2026 and the project will also generate renewable heat.
Neste received EUR27.7 million (US$30.6 million) of public funding from Business Finland in December 2022 for its renewable hydrogen projects at the refinery.
Furthermore, Neste has started a preliminary study with Porvoon Energia on the utilization of renewable heat in district heating in connection with the 120 MW green hydrogen project. Porvoon Energia is a regional Finnish energy company focusing on heat and electricity production and distribution as well as on developing the electricity network.
Country updates
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April 19, 2023
Commerz Real invests in 39.9 MW wind project in Pohjois-Pohjanmaa
Commerz Real has expanded its portfolio in Europe for its Klimavest impact fund through the acquisition of a 39.9 MW wind project in Finland. The purchased asset is a turnkey plant that is being...
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April 19, 2023
Commerz Real completes acquisition of 39.9 MW Finnish wind farm
Commerz Real through its Klimavest impact fund has completed the acquisition of a 39.9 MW wind farm from Energiequelle. The project is acquired on a turnkey basis. It is construc...
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April 18, 2023
Enersense to construct Oosinselkä wind project in Eurajoki
Enersense International and Gigawatti Oy have entered into a construction agreement for the Oosinselkä wind project in Luvia at Eurajoki, Finland. The wind park is scheduled to be completed by th...
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March 21, 2023
Vestas secures turbine order for 50 MW wind project in Kristinestad
Vestas has been awarded a turbine supply contract by Prime Capital AG for its 50 MW Lappfjärd Extension wind project located in Kristinestad, Finland. The order includes the supply, install...
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February 21, 2023
OX2 hands over 82.5 MW wind project in South Ostrobothnia to Renewable Power Capital
Renewable Power Capital has taken over the 82.5 Megawatt Merkkikallio Wind Project located in the Finnish municipalities of Mustasaari and Vaasa, from OX2. Construction on the project began in May 20...
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