The World's #1 Renewable Energy Network for News, Information, and Companies.
Untitled Document

Google Signs Wind PPA in Finland

Technology giant Google has announced plans to power its data center in Hamina, Finland with wind energy from Sweden. The company has signed a 10-year power purchase agreement (PPA) with Swedish developer O2 for the energy from O2’s planned 72-MW wind farm at Maevaara, in the Övertorneå and Pajala municipality in northern Sweden, which is slated to feature 24 Nordex 3-MW wind turbines.

O2 has secured 100 percent financing for the project’s construction from the investment arm of German insurance company Allianz, which plans to assume ownership when the wind farm becomes operational in early 2015.

The agreement takes advantage of Europe’s increasingly integrated electricity market, in particular Scandinavia’s shared electricity market and grid system, Nord Pool. Under this system Google can buy the wind farm’s electricity output in Sweden and consume the same amount of power, with Guarantee of Origin status, at its data center in Finland.

“Google’s decision to purchase the full output of the Maevaara wind farm for its Finnish data center was a key element in our decision to invest in the project,” said David Jones, head of renewable energy at Allianz Capital Partners. “Maevaara is our first renewable energy investment in Sweden, and the PPA implemented for this project offers an interesting model for further wind farm development in this market.”

Google said it has spent more than $1 billion over the last four years on renewable energy projects in the U.S., Germany and South Africa. The Hamina data center is already carbon-neutral, the company said. 

This article is part of our regional news briefs in the upcoming completely redesigned Renewable Energy World digital magazine. Subscribe here to recieve a free copy.

Lead image: Wind turbine via Shutterstock

Untitled Document

RELATED ARTICLES

States Already Seek To Delay Clean Power Plan

Andrew Harris, Bloomberg Fifteen states led by coal-rich West Virginia asked a federal court to stall Obama administration rules intended to c...

Stolen Solar Panels and Sabotage A Challenge for Powering India With Renewable Energy

Anindya Upadhyay, Bloomberg Disappointment spread across Tarun Singh’s face when he saw that parts of his solar power microgrid in eastern India’...

Global Renewable Energy Roundup: China, Kenya, Turkey, India Seeking More Renewables

Bloomberg News Editors China is being encouraged by three industry groups to double the nation’s solar-power goal for 2020 to make up for sh...

With Vast Amounts of Geothermal, Wind and Hydropower, Why No Solar In New Zealand?

James Ellsmoor, Contributor New Zealand has built an international brand on environmentalism and the great outdoors. So it is unsurprising that t...

PRESS RELEASES

Intersolar AWARD „Solar Projects in India“ – Applications being accepted until September 18

The Intersolar AWARD in the category Solar Projects in India honors projects in the fie...

New local energy partnership brings innovative solar tracker to Washington State

A new partnership will bring the innovative AllEarth Solar Tracker solar electric syste...

Solar Frontier's CIS Modules Are Selected For 26 MW Project In North Carolina

Solar Frontier supplies its advanced solar module technology, CIS, for a 26 MW project ...

AWS Truepower Announces Major Expansion of its Due Diligence Team in Response to Growing Market Demand

AWS Truepower, an international leader in wind and solar energy consulting and engineer...

FEATURED BLOGS

Cronimet / THEnergy study: In solar for mines size does not always matter - Reducing CAPEX with energy efficiency and load shifting

Munich, September 2015. Mining companies are constantly gaining interest in solar solutions because frequently solar ...

Shedding Some Light on a Taxing Situation for Community-Shared Solar

For renters and for property owners with inadequate roof space, the many benefits of solar electricity may seem out o...

NATiVE Recognized for Excellence at 2015 Greater Austin Business Awards

NATiVE Recognized for Excellence at 2015 Greater Austin Business Awards NEWS RELEASE AUSTIN, Texas – Aug. 27...

Solar Energy Means Jobs, Savings, and a Low-Cost Future [infographic]

There are a lot of utility-sponsored legislative and regulatory attacks on solar energy lately, and we put together t...

FINANCIAL NEWS

Renewable Energy World's network editors help deliver the most comprehensive news coverage of the renewable energy industries. Based in the U.S. and the UK, the team is comprised of editors from Pennwell Corporation's myriad of publications that ...

CURRENT MAGAZINE ISSUE

Volume 18, Issue 4
1507REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @jennrunyon

FEATURED PARTNERS



EVENTS

Doing Business in South Africa – in partnership with GWEC, the Glob...

Wind Energy in South Africa has been expanding dramatically, growing fro...

Wind Operator Congress Europe

The UK’s only business-focused O&M event for the European wind...

Distributed Wind Energy Workshop

Description: Distributed wind energy is electricity that is produced for...

COMPANY BLOGS

Clean Energy Patents Maintain High Levels in First Quarter, Solar L...

U.S. patents for Clean Energy technologies from the first quarter of 201...

Koch Professor drops his Koch title, still makes same errors plus s...

The Koch Professor’s title isn’t the only thing that’s...

Fact Check: AWEA represents American wind power

The American Wind Energy Association (AWEA) is proud of its members for ...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS