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Data Centers Are Now Bankrolling Finland's New Power Supply
Rystad Energy is an independent energy consulting services and business intelligence provider offering global databases, strategic advisory and research products for energy companies and suppliers,… Data centers have become the main…
Summary
Rystad Energy is an independent energy consulting services and business intelligence provider offering global databases, strategic advisory and research products for energy companies and suppliers,… 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.
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