We advised Fortum Power and Heat Oy in Finland’s first nuclear reactor decommissioning project. Fortum will decommission the FiR 1 research reactor located in Otaniemi, Espoo, together with VTT Technical Research Centre of Finland Ltd. The decommissioning works include planning, preparatory measures, dismantling of the reactor as well as waste management.
21.4.2020
Fortum Power and Heat – Decommisioning of FiR 1 nuclear research reactor
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DNA – 10-year power purchase agreement with Statkraft
We assisted DNA with their 10-year power purchase agreement (PPA) with Statkraft. The PPA enables DNA to buy 85 gigawatt-hours of clean energy per year from the new Palokangas wind farm, owned by investment firm Exilion Tuuli. The project, which will come online in late 2024, will generate 80% of DNA’s power needs. The Palokangas wind farm will be located in the Ostrobothnia region and equipped with 12 turbines.
Case published 15.8.2023
Oomi – Assistance with electricity market matters
We are advising Oomi Oy in questions relating to electricity market legislation, consumer protection and marketing law. Oomi is one of the largest electricity sales companies in Finland. The company sells electricity contracts, solar power systems and electric car charging solutions to consumers and businesses.
Case published 19.6.2023
Excelerate Energy – Chartering an FSRU to Finland
We advised Excelerate Energy on the conclusion of a lease agreement with Gasgrid Finland Oy for the Floating Storage and Regasification Unit (FSRU) Exemplar. The Inkoo LNG terminal project will have a significant impact on securing the supply of gas to Finland and Estonia as imports of pipeline gas from Russia cease. The Exemplar is the first FSRU in Finland and the Inkoo LNG terminal project is legally unique. Moreover, the project, which is critical for Finland’s and the Baltics’ gas supply, was completed in an exceptionally short timeframe. Our experts assisted the company in a wide range of areas including contracts, energy legislation, licensing, labour law, taxation and structuring.
Case published 9.6.2023
OX2 – Sale of stake in Finnish offshore wind development portfolio to Ikea’s Ingka Investments
We acted as the local legal advisor to OX2 in an arrangement whereby OX2 agreed with Ingka Investments, an investment company of the Swedish IKEA retail business, on the sale of a 49% stake in its three offshore wind projects in Finland. The three offshore wind projects, Halla, Laine and Tyrsky, are located in the Finnish Exclusive Economic Zone. The projects’ total annual production could amount to up to 29 TWh once operational, corresponding to more than one third of the electricity consumed in Finland in 2022. The aim is that the offshore wind projects start generating electricity by the turn of the 2030s. OX2 started developing the Halla and Laine offshore wind projects four years ago and was the first company to obtain exploration permits from the Finnish Government for its offshore wind projects. We have advised OX2 in the development and permitting of the offshore wind farm projects .
Case published 16.5.2023