Nordic Energy Company Fortum Shares Jump on Google Nuclear Power Agreement

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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.

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New agreement: Google and Fortum are exploring business models that could improve the competitiveness of a new nuclear power project in Loviisa.

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The 22-year contract covers up to 50 percent of the Loviisa nuclear power plant's capacity.

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The 22-year contract covers up to 50 percent of the Loviisa nuclear power plant's capacity.

Tärkeimmät talousuutiset | Kauppalehti…

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Ownership

The 22-year contract covers up to 50 percent of the Loviisa nuclear power plant's capacity.