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Wind production in Nordic nations hits record of 21.3 gigawatts in a day

Reuters: Wind power production in the Nordic countries hit a record high of 21.3 gigawatts (GW) on Thursday amid stormy weather in the region, Refinitiv Eikon data showed. Wind turbines’ output across Denmark, Norway, Sweden and Finland reached the new high point for the hour from 0500 GMT, according to the data. The previous record, […]

January 21, 2022 Read More →

Fortum, Bank GPB plan to develop 1 gigawatt of wind projects in Russia Fortum has entered into a joint venture in Russia with Bank GPB to develop over 1GW of wind projects in the country. For this purpose, a 1.3GW portfolio of wind projects is being transferred from the Fortum-Rusnano Wind Investment fund (50:50 joint venture) to the new joint venture with Bank GPB. Upon the transfer, […]

January 19, 2022 Read More →

Fortum, Uniper plan 380-megawatt capacity at two Finland wind farms

Reuters: Fortum and German subsidiary Uniper on Wednesday unveiled plans to build two wind farms in Finland with a combined capacity of 380 megawatts (MW), marking the first project under their joint renewables strategy in Europe. The total investment for the two parks stands at about 360 million euros ($407 million), of which 216 million, […]

December 23, 2021 Read More →

Swedish developer OX2 to build 455-megawatt wind farm in Finland OX2 has signed an €650m agreement to construct and divest a 455MW onshore wind farm in Finland. The Swedish company acquired the project rights in February this year and has agreed to develop the wind farm under a tailored fixed price agreement. The buyer is a consortium of Finnish energy companies, Kymppivoima (65%), Oulun […]

November 19, 2021 Read More →

Burundi completes construction of nation’s first large-scale solar farm

PV Magazine: Burundi-based renewable energy company Gigawatt Global Coöperatief U.A. has announced the completion of the country’s first large-scale PV plant – a 7.5 MW installation under development since 2015 and for which construction works were announced in 2017. The project was financed by South Africa-based equity investor Inspired Evolution, the U.K. government-funded Renewable Energy […]

October 26, 2021 Read More →

Amazon primes company for rapid shift to renewables

S&P Global Market Intelligence ($): Inc. announced a new wave of contracts to buy electricity from 14 new renewable energy projects in the U.S., Canada, Finland and Spain in a bid to advance its goal to power 100% of the company’s activities with renewable energy by 2025, five years ahead of its original target […]

June 24, 2021 Read More →