Fortum and Google Sign Long-Term PPA, Explore Renewable and Battery Projects to Strengthen Finland’s Clean Energy Supply
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7 Articles
Google has signed a long-term power purchase agreement (PPA) with Finland's Fortum for half of the production at the Loviisa nuclear power plant, the two companies said on Wednesday. The tech giant also announced a 13 billion euro investment in Finland.
Fortum and Google Sign Long-Term PPA, Explore Renewable and Battery Projects to Strengthen Finland’s Clean Energy Supply
Fortum and Google have established a partnership in Finland, including a long-term power purchase agreement to support the Loviisa nuclear plant's operation through 2050. The deal provides Fortum with revenue certainty for investments in the plant and explores new low-carbon energy solutions to meet rising electricity demand related to Google's operations.
New agreement: Google and Fortum are exploring business models that could improve the competitiveness of a new nuclear power project in Loviisa.
The 22-year contract covers up to 50 percent of the Loviisa nuclear power plant's capacity.
The 22-year contract covers up to 50 percent of the Loviisa nuclear power plant's capacity.
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