By JARI TANNER

FILE – The turbine hall of the nuclear power plant Olkiluoto 3 ‘OL3’ is pictured under construction in Eurajoki, south-western Finland, March 23, 2011. Finland’s much-delayed and costly new nuclear reactor, Europe’s most powerful by production capacity, has completed a test phase lasting over a year and started regular output, boosting the Nordic country’s electricity self-sufficiency significantly. The Olkiluoto 3 reactor, which has 1,600-megawatt capacity, was connected into the Finnish national power grid in March 2022 and kicked off regular production on Sunday, April 16, 2023. (AP Photo/Lehtikuva, Antti Aimo-Koivisto, File)

HELSINKI (AP) — Finland’s much-delayed and costly new nuclear reactor, Europe’s most powerful by production capacity, has completed a test phase lasting more than a year and started regular output, boosting the Nordic country’s electricity self-sufficiency significantly.

The Olkiluoto 3 reactor, which has 1,600-megawatt capacity, was connected into the Finnish national power grid in March 2022 and kicked off regular production on Sunday. Operator Teollisuuden Voima, or TVO, tweeted that “Olkiluoto 3 is now ready” after a delay of 14 years from the original plan.

Alongside the GEAPP, the bank will support projects in India, Indonesia, Vietnam, Pakistan, and Bangladesh

 14 April 2023  Other News[Image: Peter Franken/Unsplash] Renews.biz

RELATED STORIES

European Commission launches green industrial plan1 FEBRUARY 2023NZ investor sets up Singapore clean power arm10 SEPTEMBER 2021Asia Pacific renewables ‘cheaper than coal by 2030’26 NOVEMBER 2020Macquarie unveils 20GW clean power push25 SEPTEMBER 2019Swiss fund eyes green Asia11 JULY 2017

The Asian Development Bank (ADB) and the Global Energy Alliance for People and Planet (GEAPP) have launched a new capital fund to accelerate clean energy access and transitions in countries across South and Southeast Asia including India, Indonesia, Vietnam, Pakistan, and Bangladesh.

GEAPP will provide an initial US$35m of catalytic capital towards the fund, which will be established and administered by ADB. 

With this partnership ADB and GEAPP aim to address the challenges of climate change and energy access and transition in Asia and beyond.

By FRANK JORDANStoday

FILE – Water vapor rises from the RWE nuclear power plant Emsland in Lingen, western Germany, March 18, 2022. Germany is shutting down this nuclear power plant and two others on Saturday, April, 2023, as part of an energy transition agreed by successive governments. (AP Photo/Martin Meissner, File)

LINGEN, Germany (AP) — For 35 years, the Emsland nuclear power plant in northwestern Germany has reliably provided millions of homes with electricity and many with well-paid jobs in what was once an agricultural backwater.

Now, it and the country’s two other remaining nuclear plants are being shut down. Germany long ago decided to phase out both fossil fuels and nuclear power over concerns that neither is a sustainable source of energy.