Finland

New Form Of Alternate Energy To Power International Horse Show

5 Oct 2017   Biofuels, Finland

A Finland utility is expected to use horse manure to power the entire Helsinki International Horse Show later this month, according to a press release from Finnish utility, Fortum. And while the jokes practically write themselves, the headway of this alternative energy is serious business. The entire event will be powered by a manure/wood-based bedding combination—all 135 tonnes that will be generated during the event by the 250 horses attending—from lighting, scoreboards, and more. Electricity consumption at the event is expected to be about 140 MWh. The energy output would require the equivalent of the annual manure output of 14 horses. The poop-bedding mixture will be transported from the event by Fortum HorsePower to Fortum’s power plant where it will be used to produce the energy needed. “I am really proud that electricity produced with horse manure can be utilized for an event that is important to equestrian fans […]

Finland considers ban on coal-fired power stations by 2030: Rehn

3 Nov 2016   Coal, Finland

Finnish government is considering banning all coal-fired power stations by 2030 to help meet emission reduction goals, Minister of Economic Affairs Olli Rehn said on Wednesday. coal-fired power generation accounted for 7 percent of all electricity production last year, with 45 percent coming from renewable sources and 34 percent from nuclear, according to Statistics Finland. “Finland is well positioned to be among the first countries in the world to enact a law to ban coal … This will be my proposal,” Rehn told Reuters. The ban, if approved by all coalition partners, would be part of the Nordic country’s new energy strategy, which the centre-right government is due to present to parliament later this month. “Giving up coal is the only way to reach international climate goals,” […]

Europe breaking Russia’s energy grip on Finland

22 Oct 2016   Finland

The signing of an investment deal for a Baltic gas pipeline is the first step in breaking Russia’s grip on Finland’s energy sector, a European official said. European Commission President Jean-Claude Juncker joined Estonian Prime Minister Taavi Roivas and Finnish Prime Minister Juha Sipila to witness the signing of a $203 million investment for the Baltic-connector, the first gas link between the two countries. The pipeline will stretch 94 miles between both countries and eventually carry natural gas in both directions. First gas will flow through the infrastructure in 2020 and the European Union said the pipeline unites Baltic states with the rest of the European energy market. “We are building missing energy links, uniting markets, improving security of supply and ending the energy […]

Europe helps fund non-Russia gas line for Finland

11 Aug 2016   Finland

The European Commission said it was allocating funding to end Finland’s energy isolation, one day after new life emerged for a Russian pipeline for Europe. The commission said it allocated roughly $210 million to support the construction of the first-ever natural gas pipeline linking Finland to Estonia, dubbed the Baltic-connector. European Energy Minister Arias Canete said the project would end Finland’s energy isolation by giving it a new option over Russia. “Diversifying energy sources and routes, and uniting the energy markets, is at the heart of the Energy Union,” he said in a statement. “This is key to ensuring secure, affordable and sustainable energy for all EU citizens.” With no large-scale commercial natural gas production of its own, the country relies entirely on Russia […]

Finland gets backing for LNG development

19 Mar 2016   Finland, LNG

The European Commission said Friday it supported Finland’s strategy to invest in a small-scale liquefied natural gas terminal as an energy security option. The commission said it supported the government’s plans to grant $31.5 million to build an LNG terminal at the Hamina port on the southern Finnish coast. By ending energy isolation for Baltic states, the European body said the strategy is in line with regional efforts to improve energy security . “The Hamina LNG terminal is one of several planned in Finland,” Margrethe Vestager, the European commissioner in charge of competition, said in a statement. “These small scale LNG terminals will provide a new source of cleaner fuel for the maritime industry and diversify […]

Gasum, Russian Gazprom reach price deal; Gazprom divests from Finland – Natural Gas | Platts News Article & Story

21 Dec 2015   Finland, Russia

Price negotiations between Russian gas company Gazprom and Finland’s Gasum, ongoing since early 2014, have been concluded, Gasum said Friday.  On the same day, Gasum said in a separate press release the Finnish government had agreed to buy Gazprom’s 25% stake in the company, making it fully state-owned.  “By this deal, the Finnish government is demonstrating its strong commitment to the development of the Finnish gas market”, Gasum CEO Johanna Lamminen said in the press release.

Finland, Estonia Move to Reduce Reliance on Russian Gas

19 Nov 2014   Estonia, Finland

In Estonia, critics said a small gas-distribution terminal wouldn’t serve the Baltic country’s interests.  “It is in the interests of Estonia to build a regional LNG terminal, not set up a small terminal that would make the gas more expensive for consumers and be pointless to our economic environment,” Marko Mihkelson, a member of the conservative opposition IRL party, wrote on his official Facebook account.  Gasum Oy, the Finnish gas company in charge of developing the project together with Estonia’s Võrguteenus, said the new agreement will help move the project forward but the final outcome still hinges on the availability of sufficient financial support.  The Finnish government said efforts are being made to secure substantial European Union funding for the projects. The total cost of the projects are estimated to be close to €500 million ($623 million) and the countries hope the EU will cover about 75% of the €200 million pipeline and a yet-to-be decided portion of the terminals’ cost, said Lauri Tierala, special adviser on EU Affairs for the Finnish government. Gasum said a final decision by the EU on the pipeline funding is expected this spring.

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