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Google to power data centre with Swedish wind

Google said Tuesday it had entered a ten-year deal with a Swedish wind farm developer to power a data centre in Finland.

Google to power data centre with Swedish wind

The US search giant said it would buy the entire electricity output of a new wind farm to be operated by Swedish firm O2 in Maevaara in the north of Sweden, to cover the energy needs of its data centre in Hamina, south Finland.

No financial details were provided.

Google said it expected to reduce its electricity bill by an amount “depending on the evolution of the market,” according to Francois Sterin, a senior manager at the company’s infrastructure team.

The 24 wind turbines, with a total capacity of 72 megawatts, would become operational in 2015, and construction on the project would begin “in the coming months”, the company said.

The wind power plant will be owned by German insurer Allianz, which is funding the project.

The agreement takes advantage of Scandinavia’s shared electricity market and grid system, Nord Pool, enabling Google to buy the wind farm’s electricity in Sweden and consume the same amount of power at its data center in Finland.

Google already claims to be a carbon neutral company, and has bought into several renewable energy projects around the world, most recently in May when it made a $12 million investment in a South African solar energy project.

AFP/The Local/dl

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BUSINESS

France’s EDF hails €10billion profit, despite huge UK nuclear charge

French energy giant EDF has unveiled net profit of €10billion and cut its massive debt by increasing nuclear production after problems forced some plants offline.

France's EDF hails €10billion profit, despite huge UK nuclear charge

EDF hailed an “exceptional” year after its loss of €17.9billion in 2022.

Sales slipped 2.6 percent to €139.7billion , but the group managed to slice debt by €10billion euros to €54.4billion.

EDF said however that it had booked a €12.9 billion depreciation linked to difficulties at its Hinkley Point nuclear plant in Britain.

The charge includes €11.2 billion for Hinkley Point assets and €1.7billion at its British subsidiary, EDF Energy, the group explained.

EDF announced last month a fresh delay and additional costs for the giant project hit by repeated cost overruns.

“The year was marked by many events, in particular by the recovery of production and the company’s mobilisation around production recovery,” CEO Luc Remont told reporters.

EDF put its strong showing down to a strong operational performance, notably a significant increase in nuclear generation in France at a time of historically high prices.

That followed a drop in nuclear output in France in 2022. The group had to deal with stress corrosion problems at some reactors while also facing government orders to limit price rises.

The French reactors last year produced around 320.4 TWh, in the upper range of expectations.

Nuclear production had slid back in 2022 to 279 TWh, its lowest level in three decades, because of the corrosion problems and maintenance changes after
the Covid-19 pandemic.

Hinkley Point C is one of a small number of European Pressurised Reactors (EPRs) worldwide, an EDF-led design that has been plagued by cost overruns
running into billions of euros and years of construction delays.

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