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Data Centers Are Now Bankrolling Finland's New Power Supply
The 507 MW, 22-year agreement is Finland’s first nuclear power purchase deal and keeps Loviisa from retiring in 2030, officials said.
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3 Articles
3 Articles
Data Centers Are Now Bankrolling Finland's New Power Supply
Data centers have become the main financier of new Finnish power capacity. Contracting is shifting from renewable volume to sources that provide baseload supply, as seen in Google's 507-megawatt (MW) agreement with Fortum at Loviisa. The deal is Finland's first nuclear power purchase agreement (PPA), and its 22-year tenor keeps a plant that supplies 10% of the country's electricity from retiring in 2030. Rystad Energy expects the next wave of Fi…
·New York, United States
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According to Rystad Energy, Google's nuclear PPP in Loviisa marks a turn towards base supply.
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Total News Sources3
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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