– Fortum to invest €20 million in modernizing Malta hydropower plant in Sweden
– Investment aimed at improving plant’s lifespan, efficiency, and increasing annual production
– Work expected to begin in spring 2024 and completed by autumn 2026
Fortum, a clean energy company, is investing around €20 million to modernize the Malta hydropower plant in Sweden. This plant, operational since 1914, plays a crucial role in providing clean energy to Swedish households and industries in the region. The investment is aimed at improving the plant’s efficiency and lifespan to ensure sustainable electricity production for the next 50 years. The upgrade will increase annual production by 5 GWh, equivalent to powering 1650 homes, and will better integrate the plant into the energy supply system with a growing share of weather-dependent energy sources. The project is set to begin in spring 2024 and expected to be completed in autumn 2026.
Energy Global magazine covers this story and offers technical articles on renewable energy infrastructure, turbine monitoring, battery storage, and more in its latest Spring 2024 issue. In another development, SBM Offshore and Technip Energies have formed a joint venture entity, EkWiL, to focus on floating offshore wind projects. This collaboration aims to leverage the expertise of both companies in the renewable energy sector.
Overall, these initiatives highlight the ongoing efforts in the renewable energy industry to enhance clean energy production, improve infrastructure, and explore new technologies for a sustainable energy future.