> Those decisions would otherwise have been made year by year, but the long-term deal with Google ensures Loviisa will keep running through the end of its operating license
It's important to be able to read through PR in planted pieces. There's no indication that Loviisa was actually going to struggle. It's a guaranteed revenue stream which removes some risk for them, but Finland has seen a boom in data centers and such which is why Fortum went after the 2050 extension in the first place. They even wanted to build a third reactor which the government declined to authorize. That doesn't speak to them wondering if there's enough demand to keep the plant alive. It's highly unlikely Loviisa was going to close down even without the Google deal.
> It's important to be able to read through PR in planted pieces
Planted pieces? how about directly from the operator:
Without the lifetime extension investment program, the plant – which currently employs approximately 580 people and provides 10% of Finland’s electricity – could not continue operations beyond 2030. - [0]
That is not just year over year discussion. Of course it's PR, but do you happen to have insider information that contradict that?
More details:
Fortum has an ongoing, approximately EUR 1 billion investment programme in Loviisa with the aim of extending the lifetime of the power plant until 2050. To date, approximately 80% of the projects and EUR 700 million of the capital expenditure required to keep the power plant operational through 2050 are still pending investment decisions.
The PPA with Google will provide the revenue certainty to continue the investments associated with 100% of the lifetime extension of Loviisa. Furthermore, the agreement is expected to enable a new 10 MW power increase of the plant, in addition to the already planned 38 MW uprate which is expected to be live in 2028.
> That doesn't speak to them wondering if there's enough demand to keep the plant alive. It's highly unlikely Loviisa was going to close down even without the Google deal.
Your own link contradicts itself. If Google funding was so critical to the plant staying open at all, how come they were already planning a 38MW expansion independent of that? That doesn’t sound like it’s on the brink of closure.
You should read all news skeptically, doubly so for press releases.
It's important to be able to read through PR in planted pieces. There's no indication that Loviisa was actually going to struggle. It's a guaranteed revenue stream which removes some risk for them, but Finland has seen a boom in data centers and such which is why Fortum went after the 2050 extension in the first place. They even wanted to build a third reactor which the government declined to authorize. That doesn't speak to them wondering if there's enough demand to keep the plant alive. It's highly unlikely Loviisa was going to close down even without the Google deal.