P2X Solutions Oy has begun construction on a 20 MW hydrogen project in the town of Harjavalta, Western Finland.
The power facility will produce green hydrogen using Sunfire GmbH's technology. Anticipated to become operational in 2024, a portion of its output will be converted into renewable synthetic fuels, such as synthetic methane. The production will be helpful in reducing Finland's annual carbon dioxide (CO2) emissions by 40,000 tonnes.
P2X will invest approximately EUR70 million (US$76.1 million) to construct the project. It is also funded with EUR36 million (US$39.2 million) by the Finnish Ministry of Employment and the Economy and the Finnish Climate Fund.
Country updates
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January 12, 2023
Commerz Real buys 28.5 MW wind project in Vaasa
Commerz Real has signed an agreement to acquire the 28.5 MW wind project in Finland owned by Energiequelle. The wind farm was constructed in 2022 and consists of five N163/5.7MW turbines with a heigh...
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January 06, 2023
Ilmatar to develop Finnish offshore wind projects
The Ministry of Economic Affairs and Employment (TEM) has issued research permission to Ilmatar Offshore for two regions within Finland's exclusive economic zone (EEZ). Permission has been give...
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December 19, 2022
Vestas secures turbine order for 236 MW wind project in North Ostrobothnia
Suomen Hyotytuuli Oy has placed an order with Vestas for 236 MW to power the Siikajoki wind project in North Ostrobothnia, Finland. The wind park is located about 50 km south of Oulu. The deal c...
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December 13, 2022
Encavis Asset Management AG completes investment phase of EIF II
Encavis Asset Management AG (Encavis AM) has concluded the investing phase of the Encavis Infrastructure Fund II (EIF II), a BayernLB-exclusive alternative investment fund for banks. The most recent...
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November 29, 2022
OX2 enters deal to sell Niinimäki wind farm in Finland
OX2 has entered into an agreement to sell its 145 MW Niinimäki wind farm project that is currently under construction in the city of Pieksämäki, Finland. Finnish energy...
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