E.ON completes €3.8bn Uniper sale to Fortum

It follows approval from the European Commission and the Russian Antimonopoly Authority

German investment firm buys onshore wind farm in Finland

The purchase of the 14.4MW facility marks Aquila Capital’s first wind investment in the country

Finland and China collaborate on clean energy test platforms

They have invited international companies and research institutes to the facilities once they are built

Environmental lawyers in push to stop gas pipeline in Finland

The project will consist of two additional pipelines that could transport up to 55 billion cubic meters of natural gas from Russia to the EU

Finland’s Fortum to launch €8bn bid for E.ON’s Uniper

Finnish power utility Fortum is to launch an €8 billion (£7bn) takeover offer for E.ON’s Uniper. The bid for E.ON’s 46.65% interest amounts to €3.76 billion (£3.3bn). The total equity value of the offer is €8.05 billion (£7.05bn) for all outstanding shares of Uniper. The firms have signed an agreement, under which E.ON has the […]

E.ON in advanced talks over Uniper sale

German energy company E.ON has advanced negotiations over the sale of its stake in its fossil generation business Uniper. It said Finnish utility Fortum is planning to buy a 46.65% stake in the spin-off firm. The energy supplier added in a statement: “Fortum’s offer to all Uniper shareholders would comprise a cash consideration with a […]

Solar energy takes off at Helsinki Airport

Helsinki Airport is to have a 500kW solar power plant installed on its roof. The move forms part of airport operator Finavia’s plan to go 100% carbon neutral across its 21 sites by 2020. At Helsinki Airport, this goal will be reached in 2017 with the installation of the solar roof at Terminal 2. At the same […]

Finnish ferry finally forgets fossil fuels

The oldest operating ferry in Finland has been converted to electric power. Heavy duty electric vehicle and machinery manufacturer Visedo retrofitted the historic Föri ferry in the city of Turku with a new zero emission drivetrain to deliver greater efficiency, less noise and reduced operating costs. The boat, which was previously converted from steam power to […]

Finland unveils plans to phase out coal by 2030

Finland has announced it will phase out coal by 2030. That’s part of the government’s ‘Energy and Climate Strategy for 2030 and Beyond’, which aims to get rid of the dirty fossil fuel from its energy system and reduce oil imports by half in the next 14 years. The country also plans to make its […]

Finland-Estonia gas interconnector gets €187m

The European Commission has signed a deal to invest €187 million (£166.43m) in a gas interconnector between Finland and Estonia. The Balticonnector is the first gas interconnector which links the two countries and will allow Finland to enter the rest of the EU market as it is currently largely dependent on a single supplier. The EU funding will […]