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Adven and Suominen have agreed on an investment in a 12 MW electric steam boiler at Suominen's nonwoven plant in Nakkila, Finland, to be operational by fall 2025. The boiler will optimize energy production based on electricity spot prices.
Institutional investors advised by J.P. Morgan Asset Management closed the acquisition of a 100% stake in Adven Group, a Finland-based energy-as-a-service provider. The investors also own Swedish district heat provider Värmevärden AB.
The owners of Värmevärden have completed the acquisition of 100% of the shares in Adven, a leading Nordic provider of district heating and industrial solutions, increasing their presence in the Nordic energy market.
| Site | Largest | Latest |
|---|---|---|
| Nakkila, Finland | 2024-08-12 |