Spectator on facebook

Spectator on facebook

FOCUS SHORT

Slovak E-Group invests in Finland

SLOVAK company E-Group has acquired the Finnish Posion Eregia Oy company, allowing it to enter the Finnish energy market. The Slovak company plans to construct a wind power station with an installed capacity 10 MW, which comes with a €15-million price tag, the TASR newswire wrote on May 14.

SLOVAK company E-Group has acquired the Finnish Posion Eregia Oy company, allowing it to enter the Finnish energy market. The Slovak company plans to construct a wind power station with an installed capacity 10 MW, which comes with a €15-million price tag, the TASR newswire wrote on May 14.

With the acquisition of Posion Energia Oy and the construction of the wind power station, E-Group is completing the first phase of entering the Finnish energy market, Anton Bielik said as cited by TASR.

E-Group, which considers the potential of the Finnish market – as well as the competition within it - to be huge, plans to gradually carry out several energy projects in Finland.

The construction of the winter power station in Posio in southern Lapland was planned to start in June, with its completion slated for autumn 2015.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Topic: Foreigners in Slovakia


Top stories

Kia kicks off production of the new ProCeed model Photo

More than 300 workers participated in the training held at a Korean research centre.

How does Slovakia support innovations?

Companies operating in Slovakia can benefit from state subsidies, EU resources and venture capital funds.

Science in Slovakia is underfunded, lagging behind other European countries.

How to elect your mayor

When you live in a small village, you don't care about Bratislava. At home, everything is at stake.

Blog: Slovak author wants to be the embodiment of happiness

Andrej Krupa, author of ‘Hlava 20, is using his experience abroad to spread positivity in Slovakia.

Andrej Krupa