18 February 2022
Korkia launches renewable energy fund
Korkia, a Finnish investment and expert company, specialising in sustainable growth, has started selling the Korkia Renewable Energy Ky fund. The new fund will invest mainly in European renewable energy project development companies, which differs from typical funds investing in the construction and operational phases. Focusing on the development phase of projects provides the fund with an annual return potential of 10%. The fund’s minimum investment is EUR 50,000 for private investors and EUR 100,000 for professional investors.
Unique hydrogen storage in Luleå takes shape
The construction of the HYBRIT rock chamber storage for fossil-free hydrogen in Luleå, has reached half-way, with the steel liner inside Svartöberget now being assembled. The storage facility, which will be an important part of the value-chain for fossil-free iron and steel production, is planned to be put into operation by the summer. The HYBRIT project, a venture by SSAB, LKAB and Vattenfall will contribute to reducing Sweden’s carbon dioxide emissions by 10% and Finland’s by 7%.
Hynion and Hyrex launch a floating hydrogen filling station for recreational boats
Hynion AS and Hyrex AS started a JV last year to establish hydrogen filling stations for refuelling recreational boats with zero-emission fuel. The liquid hydrogen station will enable ports and marinas to offer zero-emission fuels to the shipping sector. The construction of the floating pilot station will serve the Hyrex 28 prototype during testing in the summer of 2022.
Sweden’s Eolus hit hard by delays in 2021
While other companies thrived during 2021 due to the high energy prices, Eolus, a wind power developer, ran against the trend by landing a modest progress in revenue and negative operations and bottom line. The company’s net revenue amounted to SEK 2.6 billion in 2021, compared to their net revenue of SEK 2.5 billion in 2020.
What we’re reading
- World funds own destruction with $1.8 tn subsidies: study (RFI)
- Global nature pact urged to reform harmful subsidies of $1.8 trln a year (Reuters)
About Nordic Green News
The Nordic countries are some of the most dynamic and successful economies in the world. They are also leaders in sustainability, from renewable energy, biofuels, carbon capture and storage and the hydrogen economy, circular economy business models and battery development, the Nordics are pioneers in policy design, technology development and consumer uptake. Mundus Nordic Green News is covering this transition for the international community. Every day we curate the stories of most relevance to international businesspeople and policy experts from the flow of news. Mundus Nordic Green Indices summarise the meta-data from our daily coverage to enable easy tracking of trends. We supplement these with our own opinion pieces and commentary.
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