Tag: Voima
Olkiluoto 3 may be the last large nuclear reactor to be built in Finland, the professor tells YLE
Hyvärinen explained that turning on such a large unit and turning it off quickly causes quite a noticeable disturbance in the main grid. While it is possible to prepare for and withstand such disruptions, the impact of starting or shutting down a smaller unit would be much smaller and easier to manage. Worldwide, there is […]
Water pump damage may further delay electricity production in the OL3 nuclear reactor
The damage does not affect safety in the Olkiluoto nuclear power plant area, plant operator Teollisuuden Voima says in a press release.
Fennovoima starts arbitration proceedings against Rosatom
The case is connected to numerous controversies, the central one being Fennovoima’s 800 million euro down payment to Rosatom’s Finnish subsidiary Raos Project. Specht revealed that the company has presented a total of nearly two billion euros in damages claims in the arbitration procedure. Fennovoima stated in its annual report last year that it has […]
The Olkiluoto 3 test operation is attracting widespread interest
Test operations of Teollisuuden Voima’s (TVO) Olkiluoto 3 reactor will start again in the next few days.
HS: Finnish researchers were pressured to limit their criticism of Russia
“But you don’t have to go back too many months to when we still had them,” he added. Aaltola said that the restrictions have typically manifested as self-censorship, when researchers have had to think about what they can say without burning bridges by worrying about future funding and relationships with interviewees. There have also been […]
TVO: Olkiluoto 3 starts full operation on schedule despite external pressures
Despite the war in Ukraine, which skyrocketed energy costs, the Finnish nuclear power plant Teollisuuden Voima (TVO) said it would not allow external pressures to speed up the commissioning of the Olkiluoto 3 reactor. "We do not take into account external pressure or the fact that the demand for electricity is high. We will proceed […]
Olkiluoto 3’s full electricity production will be delayed again
The nuclear power plant Teollisuuden Voima (TVO) has announced that the trial operation of the Olkiluoto 3 reactor (OL3) will be suspended for more than a month. The delay means that full electricity production will not start until December, and not in September as previously planned. The unit is expected to cover almost one-sixth of […]
Uutissuomalainen: Most Finns support the construction of a new nuclear power plant
Support for the energy infrastructure project is higher for men and older age groups than for women and younger age groups. The project received the most support among the respondents who identified themselves as supporters of the Basic Finns or the Coalition Party and the least among the respondents who identified themselves as supporters of […]
Hawk-harjoituslennot kääntävät katseet taivaalle Helsingin yllä
Pään yläpuolella lentävät hävittäjät ovat viime päivinä herättäneet pääkaupunkiseudun asukkaiden huomion. Lennot ovat osa Ilmavoimien Akatemian kadettien maanantaina alkanutta ilmataistelukoulutusta. Lennot jatkuvat torstaihin asti. Lennot lennetään kahdesta neljään Hawk-koneella klo 9-16 välillä. Artikkeli jatkuu kuvan jälkeen Lentojen tarkoituksena on opettaa opiskelijoita suunnittelemaan ja toteuttamaan lentoja, joihin liittyy suunnittelematon kurssi- ja laskeutumispaikkamuutos. Matti Myller / Yle […]
Fennovoima withdrew its application for a building permit for the nuclear power plant
Raos Project also owned about 33 percent of the project. Read more: Fennovoima’s decision to terminate the supplier agreement was disappointing for Rosatom (3.5.2022) Helsingin Sanomat on Tuesday wrote that the withdrawal of the permit application essentially guarantees that a Russian-funded nuclear power plant will not be built in Pyhäjoki. “The permitting process has now […]
Fennovoima suspends the construction of a nuclear power plant in Pyhäjoki
The energy company Fennovoima has withdrawn its application for a construction permit for its Hanhikivi 1 nuclear power plant, according to a press release on Tuesday. Earlier this month, the company announced that it had terminated an agreement with the Russian state-owned nuclear power company Rosatom. Work on the Pyhäjoki nuclear power plant has come […]
Fortum writes off EUR 2.1 billion in operating losses in Russia
Finland’s largest energy company Fortum will record losses of more than two billion euros from its operations in Russia during the first three months of this year. According to the company, the losses are due to Russia’s invasion of Ukraine, geopolitical tensions, uncertainty and increased risks. The state-owned state-owned energy company said on Tuesday it […]
Rosennima’s decision to terminate the supplier agreement was disappointing for Rosatom
The Russian state-owned company stressed that the project has progressed well and the cooperation between the participants has gone well, adding that the decision was made unilaterally, without raising RAOS Power. “We reserve the right to defend our rights in accordance with applicable treaties and laws.” Fennovoima on Monday announced The decision to terminate the […]
Fennovoima has terminated the supply agreement for the Hanhikivi 1 nuclear power plant with Rosatom
This means that the cooperation with the RAOS Project will end immediately and the design and licensing work and work for the Hanhikivi 1 site will end with the RAOS Project. “Unfortunately, the termination of the EPC agreement is expected to have a significant impact on Fennovoima’s personnel and is also expected to affect supply […]
Finland abolishes nuclear power agreement with Russia
The work will be completed with immediate effect The Finnish group Fennovoima said on Monday that they had terminated their contract with the Russian state nuclear power giant Rosatom to build a nuclear power plant. The planned Hanhikivi-1 site was ordered by the Finnish-Russian consortium Fennovoima, where Finnish stakeholders own two thirds, and the rest […]
Olkiluoto 3 is once again postponing energy production
The production of full electricity at the Olkiluoto 3 nuclear power plant has been postponed again, and production is now scheduled for September 2022 instead of July. The purpose of the delay is to enable additional inspections of the plant’s cooling systems, the plant’s operator Teollisuuden Voima (TVO) said in a statement issued on Thursday. […]
The financing of Finnish startups again broke records
The amount of foreign capital investments in Finnish companies doubled only in a year. A total of 182 Finnish startups received private equity investments. Other foreign investors, such as foreign companies and individuals, invested a total of EUR 302 million in Finnish startups. Other Finnish investor groups each invested about 50 million: Finnish angel investors […]
Logistiikkasektori saa 95 miljoonaa euroa polttoainekustannuksiin ja vihreään siirtymiseen
Perjantaina valtiovarainministerin johtama ministerivaliokunta Annika Saarikko (Cen) päätti toimenpiteistä kuljetus- ja logistiikka-alan toiminnan turvaamiseksi. Ministeriön valmiustyöryhmä perustettiin maaliskuun alussa käsittelemään Venäjän hyökkäyksen vaikutuksia Ukrainaan. Työ- ja elinkeinoministeriö valmistelee kuljetusyrityksille tilapäistä jopa 75 miljoonan euron tukipakettia. Taloudellinen tuki kattaa tämän vuoden tammikuun ja maaliskuun välisen ajanjakson, josta tiedotetaan myöhemmin. Lisäksi hallitus valmistelee 20 miljoonan euron tukipakettia […]
The energy company will increase Olkiluoto 3’s capacity to more than 30 percent
The Finnish nuclear power company Teollisuuden Voima (TVO) plans to increase the capacity of the third unit of its Olkiluoto nuclear power plant (OL3) to more than 30 percent of its full capacity. On Wednesday, the Radiation and Nuclear Safety Authority (Stuk) approved the company’s application to expand the capacity of the new reactor. In […]
Marin: "Finland is ready for further action" Russia’s energy imports
Energy imports from Russia will be a key topic at the two-day European Union summit starting in Brussels on Thursday. prime minister Sanna Marin (SDP) said that Finland is open to all measures on this front, despite the fact that it is dependent on Russia for its energy. "The [current] sanctions and economic measures are […]
Finland launches long-delayed nuclear power plant
The costly power reactor is expected to reduce the Nordic country’s dependence on electricity imports The Olkiluoto 3 nuclear reactor, located in western Finland, has finally been connected to the national grid and started electricity production, according to the Finnish operator Teollisuuden Voima (TVO). The 1.6 gigawatt reactor, whose launch was originally planned for 2009, […]
Wednesday’s newspapers: Visit to the United Kingdom, petition on biodiversity and nuclear hope
Most newspapers report on the president Sauli Niinistö a visit to the UK, full of security-related events and meetings. He participated in the meeting of the Joint Expeditionary Force of the Nordic-Baltic Security Coalition led by the United Kingdom. Alongside its Ilta-Sanomat reports that he also met Prince Charlesembeds a tweet in which Niinistö claimed […]
Lintilä: Food prices may double in Finland due to Russia’s war in Ukraine
“If people currently spend 11 percent of their salary or income on food, it will rise to more than 20 percent,” he predicted. While a doubling of consumer prices is possible, it is not the most likely consequence of the crisis Csaba Jansik, senior researcher at the Natural Resources Center (Luke). He recalled that food […]
The Olkiluoto 3 reactor is connected to the national grid, 13 years behind schedule
The third unit of the Olkiluoto nuclear power plant has finally started commercial operations. The owner of the plant, Teollisuuden Voima (TVO), says the unit was connected to the national electricity grid at noon on Saturday. It is Finland’s Fifth Nuclear Reactor. Initially, a unit called OL3 will generate 103 megawatts of electricity. During a […]
The Finnish energy giant gave up almost a billion euros in Nord Stream and plans to give up its Russian plants
Finland’s largest energy company Fortum announced on Tuesday that it will take a loss of almost one billion euros from the canceled Nord Stream 2 pipeline project. Its German subsidiary Uniper has a loan to the project company totaling EUR 987 million, including accrued interest. Fortum announced that it would write down its receivables and […]
Marin: Finland must end energy dependence on Russia “as soon as possible”
He also confirmed that the government is not making progress with Fennovoima’s nuclear power project, which is minority owned by the Russian state Rosatom. Minister of Economic Affairs Mika Lintilä (Center) pointed out at the end of last week, that he, as the minister responsible for permitting procedures for the project, is unable to comprehend […]
Lintilä: Finland will survive the winter, even though Russia cuts off gas
Minister of Economic Affairs Mika Lintilä (Cen) said on Monday that Finland will survive this winter, even though energy imports from Russia will be restricted. He spoke before an afternoon meeting of EU energy ministers in Brussels to discuss the implications and countermeasures of Russia’s invasion of Ukraine. Ministers will discuss the state of preparedness […]
Finland suspends Fennovoima’s project due to security fears
Minister for Economic Affairs of Finland Mika Lintilä (CEN) saddened on Thursday that he would not propose a building permit for Fennovoima ‘s Hanhikivi nuclear power plant. During the debate on the Russian invasion of Ukraine in Parliament, Lintilä said that the project involving the Russian owner and the Russian nuclear reactor would not proceed […]
Nokian Tires reveals the members of the large jury of the innovation challenge of sustainable development
Anke Blume (Prof. Dr.) is the Director of Elastomer Technology and Engineering at Universiteit Twente, the Netherlands. Thiemo Fleck is the managing director of auto motor und sport professional, a well-known German car magazine with extensive international distribution. Inka Mero is the CEO and founder of the deep technology private equity fund Voima Ventures I […]
YLE: Finnish professors and legislators question Russia’s support for a nuclear power project
The Russian state-owned nuclear power company Rosatom, which is also responsible for the development and production of nuclear weapons, is not only the plant’s supplier but also the project’s largest single stakeholder through its Finnish subsidiary RAOS Voima. About two-thirds of the project is owned by Voimaosakeyhtiö SF, a consortium owned by Finnish energy and […]
The Helsinki Stock Exchange is counting on the fear of an attack on Ukraine
The trading week has started with a significant decline. Share prices on the Helsinki Stock Exchange fell by 3.6 per cent on Monday and recovered slightly in the afternoon. Markets also fell elsewhere in Europe, worried about a possible Russian invasion of Ukraine. According to Nordea Bank’s Chief Investment Officer Antti SaariAs early as Friday, […]
There have been two crashes during OL3 testing
On Monday, STUK emphasized that all plant systems operate as intended during both emergency shutdowns, which is a mechanism to ensure that the plant does not pose a threat to nuclear safety. It added that the safety significance of these two incidents was so low that they could not be placed on the International Nuclear […]
Olkiluoto 3’s electricity production was further delayed
The electricity production of the new Olkiluoto 3 nuclear reactor in southwestern Finland has suffered further. Production was scheduled to begin in January, but was postponed to early February. The plant’s operator Teollisuuden Voima (TVO) said in a press release that the much-delayed reactor would instead start producing electricity at the end of February. "During […]
Stora Enso, SSAB:n ennätysjälkeinen tulos; Wärtsilä nousi 53 %
Suurimmalle osalle suomalaisista pörssiyhtiöistä nyt kolmatta vuotta alkava koronaviruskausi on ollut kannattava. Tämä trendi jatkuu perjantaina julkistettujen neljännen vuosineljänneksen tulosten perusteella. Metsäteollisuusjätti Stora Enso teki koko viime vuoden kaikkien aikojen parhaan liiketuloksensa. Se nousi 650 miljoonalla eurolla 1,5 miljardiin euroon. Liikevaihto kasvoi 19 prosenttia vuodentakaisesta lähes 11 miljardiin euroon. Vuoden 2021 loppu toi sellun ja […]
Olkiluoto 3’s electricity production was postponed to February
Electricity production from the much-delayed Olkiluoto 3 nuclear reactor, which was scheduled to begin at the end of January, has been postponed until next month. The plant operator Teollisuuden Voima (TVO) said in a press release that the delay was due to an unplanned shutdown of the reactor during the test phase. The causes of […]
Nuclear power is subsidized, but current producers are not designing new reactors
Teollisuuden Voima (TVO), which operates the Olkiluoto power plant in Eurajoki in Southwest Finland, is now focusing on the start-up of its long-awaited third reactor (OL3), which started up on 21 December. The company has abandoned plans to build a fourth reactor in the area after extensive cost overruns and a delay in the OL3 […]
The living textile processing plant receives funding from Business Finland
Southwest Finland Waste Management (LSJH) has received Business Finland’s circular economy investment support for the construction of a full-scale scrap textile processing plant in Topinpuisto, Turku. The investment is approximately EUR 20.5 million and the investment grant for the circular economy is approximately EUR 5.2 million. “The construction of a user textile processing plant will […]
The Nuclear Regulatory Authority approved the start-up of the Olkiluoto 3 reactor
The Radiation and Nuclear Safety Authority (Stuk) has given permission to the energy company Teollisuuden Voima (TVO) to increase the capacity of its new Olkiluoto 3 (OL3) nuclear power plant unit. The capacity can be increased to more than 5 percent of the unit’s 4,300 megawatts of full heat capacity, STUK said in a statement […]
The third reactor will start up at the Olkiluoto power plant, Teollisuuden Voima says
The third reactor is expected to start generating electricity at about 30 percent capacity in January. During the six-month trial period, during which it will generate electricity with variable power, the reactor is scheduled to start generating electricity in June, which is about 14 percent of Finland’s electricity. “This moment will be remembered forever as […]
The Ministry of Defense requires a risk analysis of the nuclear power plant project
Rosatom owns 34 percent of the consortium’s shares through its subsidiary RAOS Voima. “Doing such risk analyzes has become a bit more common. We see more clearly that in this situation it can be justified “, Sara Kajander, The head of the Ministry of Defense’s Environment and Real Estate Unit told BTI. He added that […]
The Ministry of Defense demands a risk assessment of Fennovoima’s plant, citing ties to Russia
The Ministry of Defense has demanded a risk assessment for the controversial Hanhikivi 1 nuclear power plant in Pyhäjoki on the northwest coast. The plant will be built by Fennovoima’s power association, which includes the Russian nuclear company Rosatom. In its statement, the ministry emphasized the economic and geopolitical risks associated with the project and […]
Parasitic wasps, berry pickers and the treatment of blindness: Finland in the world press
However, they did not know that some larvae did not contain one, but two parasites, creatures: Hyposoter horticola, a wasp that breaks the larva before it can start to become butterflies, and a small rare “hyperparasitoid” wasp that lives Hyposoter horticola and kill it when the latter kills the caterpillar. Females of larger wasps also […]
The large gender gap in the management of startups and growth companies in Finland continues
In 2020, women owned 10% of the boards of Finnish private equity and private equity portfolios. The number decreased slightly from 2019, when the proportion of women was 11%. On the other hand, the gender gap in management teams has narrowed slightly. In 2019, women accounted for 19% of top management positions, compared to 20% […]
Power outages, train cancellations when Storm Vieno hits Finland
Storm Vieno cut off power to more than 60,000 households in more than 100 municipalities by Tuesday afternoon, according to data released by the energy body Energy industry. Strong winds felled trees throughout western and central Finland throughout the Tuesday morning storm. To date, the strongest gust was recorded at 6.00 in Kaskinen on the […]
TVO, the consortium, agreed on the completion of the long-delayed Olkiluoto 3 reactor
The nuclear power plant Teollisuuden Voima (TVO) and the Areva-Siemens plant supplier consortium have agreed on precise terms for the completion of the Olkiluoto 3 (OL3) nuclear reactor in Eurajoki in southwestern Finland, the companies announced in a press release. Negotiations began last summer on the additional funding needed by the consortium to complete the […]
Finland’s nuclear project is still delayed
Construction would therefore begin in the summer of 2023 and the plant would begin commercial operations in 2029. The schedule is presented last week as an appendix to the building permit application, which the consortium submitted to the Ministry of Employment and the Economy in 2015. According to the addition, Fennovoima has also increased the […]
The construction of Fennovoima’s nuclear power plant was delayed, costs rose
Fennovoima’s plans to build a controversial nuclear power plant on the Pyhäjoki coast on the northwest coast of Finland are delayed again, the company announced in a statement on Wednesday. According to the nuclear consortium, raising the project’s design and licensing materials to the required level has taken longer than expected. The consortium estimates that […]
33 jobs achieve zero accidents
“Of the 87 jobs rated 87 this year, 33 were able to reach the target of zero accidents. This figure is higher than ever before,” says Anna Melleri, VR Group’s Head of Risk Management, who chairs the steering group of the Zero Accident Forum. Safety-rated jobs also included a number of industrial jobs where production […]
The power company collects 1,000 consumer authority complaints about missing compensation
Finnish consumer authority receives more consumer complaints from electricity company Fi-Nergy Voima than any other energy company Jukka Kaakkola, Lead Expert of the Finnish Competition and Consumer Authority (KKV). Last year, the authority received nearly 1,000 selected energy companies, mainly for billing problems. "Most complaints concern invoicing. Consumers have not received compensation and [consumers'] advance […]
