May 27, 2019
The daily brief: 27 May 2019
Fortum and Nordkraft have set up a joint venture to develop wind power projects in Norway.
All the daily Finnish business news that works: Fortum, MacGregor and Google in Finland make headlines.
Google is investing 600 million euros in a new data centre in the Finnish town of Hamina, Fortum is teaming up with Nordkraft on wind power projects in Norway, and MacGregor has secured orders worth around 10 million euros.
Tech giant Google is building a new data centre in Hamina, on the same former paper mill site that houses its existing data centre in the Finnish town. The new investment will be worth around 600 million euros and bring Google’s total investment in the site to 1.4 billion euros.
Finnish and Norwegian energy companies Fortum and Nordkraft have formed a joint venture called Fortum Nordkraft Vind DA, which will develop new wind power projects in Norway. Fortum has been collaborating with Nordkraft since 2017, when it purchased three wind power projects with a total installed capacity of 170 megawatts from the Norwegian company.
MacGregor, part of Cargotec, has received orders from Scandinavian customers for port equipment and RoPax ferry conversions worth approximately 10 million euros in total. The delivery of the equipment will take place between the first and third quarters of 2020.
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