Magnora Data Center ASA acquires 50% stake in joint venture with Sunly to develop up to 400 MW data center in Risti
Magnora Data Center ASA has agreed to acquire a 50% interest in the Risti Kampus data centre project, a joint venture with the Estonian renewable energy group Sunly. It comes with 180 MW of grid capacity available today and a planned expansion to 400 MW.
European renewable-energy group Magnora Data Centre is a spin-off from Magnora ASA, an international conglomerate operating in Norway, Sweden, South Africa, Italy and the United Kingdom. It has listed separately in June 2026.
The company has been on a massive expansion spree, with Estonia now entering its investment orbit. The investor will finance half of a campus built beside the hybrid energy park Sunly is developing at Risti in western Estonia. The park pairs 244 MWp of solar with 144 MW of battery storage and 44 MW of wind, writes Sunly.
Read full announcement (external link)
Originally published on 18 Sep
Announcements are published as a service to readers. The sender is responsible for all content. Announcements for publication can be submitted to announcements@thehanseatic.com.
The Estonian power grid is steadily building up more resources to accommodate growing demand from smart industries and meet sustainability goals. A new major milestone in this transition has been reached this week, with the completion of a 200 MWh battery park in Kiisa, just south of Tallinn.
The €100M facility, built by Estonian company Evecon alongside French partners Corsica Sole and Mirova, features 54 battery containers and represents continental Europe’s largest battery storage complex.
Battery storage is becoming critical for modern electricity grids, especially as countries increase their use of renewable energy sources like wind and solar, which produce power intermittently. Estonia is actively utilising both, putting online large solar and wind installations. Soon, these massive batteries will act like a buffer, storing excess electricity when production is high and releasing it when demand peaks or renewable generation drops.
Read full announcement (external link)
Originally published on 12 Dec
The Vilnius Book Fair is turning a new page in its history. For the first time, the organisers of the event taking place in February 2026 are introducing an official corporate patron – Invalda INVL, an asset management group – and a cultural programme partner, Lithuania’s largest bookstore chain, Pegasas.
Since its launch in 2000, the Vilnius Book Fair has grown over a quarter of a century into Lithuania’s most anticipated cultural event. To further strengthen the fair’s international presence and support its continued growth, the 2026 edition will, for the first time, have an official corporate patron.
“Partnerships between the Vilnius Book Fair and the business community are a major step forward. They help enhance the fair’s international reach, foster literary initiatives, support creators, and make sure our messages reach the widest possible audience. The cultural environment created by the fair plays an essential role in shaping society’s identity, nurturing creativity, and engaging diverse social groups in public life. For private businesses, this is also an excellent opportunity to reinforce their reputation through social responsibility and active involvement in the cultural ecosystem,” says Dovilė Zaidė, President of the Lithuanian Publishers Association.
Read full announcement (external link)
Originally published on 12 Dec
The Finnish Hydrogen Cluster and the Dutch NLHydrogen have signed a cooperation agreement to promote collaboration among hydrogen stakeholders in both countries. Finland and the Netherlands share common interests in developing the hydrogen economy.
The Finnish Hydrogen Cluster, representing more than 80 companies and organizations, and NLHydrogen, encompassing 50 companies across the Dutch hydrogen value chain, will collaborate to accelerate the development of the hydrogen economy, supported by the local governments and Business Finland. The goal is to combine the strengths of the Finnish and Dutch hydrogen communities to jointly build a sustainable hydrogen value chain, strengthen energy security, and contribute to Europe’s climate goals.
The organizations signed the cooperation agreement during the Business Forum event in the presence of Ulkomaankauppa- ja kehitysministeri , Ville Tavio, and Dutch Minister for Foreign Trade and Development Aukje de Vries. Both Finland and the Netherlands have advanced energy and transport infrastructure, strong industrial clusters, and innovation-driven ecosystems. Both countries also recognize the benefits of developing a European wide hydrogen economy.
Read full announcement (external link)
Originally published on 12 Dec
GASCADE Gastransport GmbH (GASCADE) has reached a decisive milestone in building the German hydrogen network: about 400 kilometers of existing natural gas pipelines have been successfully converted to transport hydrogen. The initial filling of the first pipeline sections as part of the program Flow – making hydrogen happen establishes a North-South axis from the Baltic Sea region to Saxony-Anhalt, forming a central part of the German hydrogen core network. The hydrogen infrastructure is now available to the market and thus provides the basis for a successful hydrogen ramp-up.
This internationally unique project demonstrates how existing infrastructure can be quickly and cost-effectively transformed for hydrogen transport. GASCADE thereby creates planning security for the hydrogen ramp-up and makes a significant contribution to reducing CO₂ emissions in German industry. Managing Director Ulrich Benterbusch emphasizes the technical dimension and resulting opportunities: “With the successful conversion of 400 kilometers of pipeline, we reliably provide large-scale and central hydrogen infrastructure. Converting existing natural gas pipelines with a diameter of 1.4 meters to hydrogen is a technical pioneering achievement. This project is a strong signal for the German hydrogen economy and the industrial location of Eastern Germany.”
Managing Director Christoph von dem Bussche highlights the potential and the European perspective: Flow – making hydrogen happen is more than a technical project. It is a promise for the future. In 2025 we are creating the conditions to receive hydrogen from the European Baltic Sea region, international hydrogen imports via the port of Rostock, as well as green hydrogen produced on the Baltic coast – especially at the Lubmin site. From the get-go, we are considering the connection to our European neighbors. Because only together can we succeed in building a strong cross-border hydrogen economy.”
Read full announcement (external link)
Originally published on 11 Dec
DEME has been awarded three contracts for the installation of monopile foundations, inter-array cables, and the export cable at the BC-Wind offshore wind farm in Poland. These new contracts position DEME as a key contributor to Poland’s renewable energy build-out, supporting the country’s energy transition.
BC-Wind, developed by international offshore wind company Ocean Winds, a 50-50 joint venture between EDP Renewables and ENGIE, is located approximately 23 km off the Polish Baltic Sea coast. With a planned capacity of up to 390 MW, the wind farm will generate clean electricity for around 500,000 households per year.
DEME will deploy its offshore installation vessel Orion to install 27 monopile foundations: 26 monopiles for the wind turbines and 1 foundation for the offshore substation (OSS). Equipped with a motion-compensated pile gripper, a 5,000-ton crane and advanced ballasting systems, Orion is designed to handle the largest foundations with precision and efficiency, even in challenging conditions.
Read full announcement (external link)
Originally published on 10 Dec
Latvia is preparing for another significant step in the modernisation of its rail transport. Autotransporta direkcija (ATD) announces that Škoda Group has been awarded with the contract to supply up to 16 battery electric multiple units (BEMUs) for regional transport.
The value of the contract comprising of the base delivery of nine trains, an option for seven additional vehicles, spare parts and training is nearly EUR 160 million. The first vehicles are scheduled to be deployed in the first half of 2029. Following the successful launch of battery trains in the Czech Republic at the turn of 2024 and 2025 and the signing of a contract for up to 36 battery trains for Slovakia, this is another order for the Škoda Group for this type of vehicle.
The units will also be the first Škoda Group battery-powered vehicles designed for a 1,520 mm gauge. They represent the next evolution of the successful platform of single-deck regional trains developed for the Baltic markets. The project is financed by the state budget of Latvia and EU Cohesion Funds, which are supporting the development of modern zero-emission mobility in Latvia.
Read full announcement (external link)
Originally published on 11 Dec
A new biogas plant is set to be completed in spring 2026 in the village of Tahula on Estonia’s largest island, Saaremaa. The facility’s purpose goes beyond renewable energy production: it aims to make better use of local resources and reduce reliance on imported energy. The Estonian Islands Energy Agency has played a significant role in preparing and developing the project, supporting the transition toward cleaner and more stable energy use across Estonian islands.
The Tahula biogas plant will use by-products from Saaremaa’s agricultural enterprises. These organic residues will be converted into biogas and further refined into biomethane. The resulting fuel can be used in transportation, industry, and district heating, thereby reducing dependence on imported fossil fuels.
A valuable by-product of the process is digestate ̶ a nutrient-rich material that farmers can use as fertilizer, reducing the need for synthetic fertilizers and helping maintain soil health.
Read full announcement (external link)
Originally published on 11 Dec
The government is promoting the construction of bio-based carbon dioxide capture capacity with a total of €90 million. On December 11, 2025, the Government issued a decree on the terms and conditions for grants to promote carbon capture in 2026–2032.
Government launches €90 million call for proposals for bio-based CO₂ capture projects
“Finland has a huge competitive advantage. We have clean electricity and bio-based carbon dioxide available for investments that will enable us to break away from our dependence on fossil fuels. The government wants to promote the advancement of these technologies, which strengthen self-sufficiency and reduce emissions. As the geopolitical situation becomes more tense, there is an increasing need for these dependency-reducing solutions and investments, and they should be seen as part of our preparedness,” says Minister of the Environment and Climate Sari Multala.
The grant, which will be available for application in January, will support the first biogenic carbon dioxide capture solutions and their scaling up to industrial scale, as well as accelerate the market-driven advancement of similar solutions. Support may be granted for investments related to biogenic carbon dioxide capture if the captured carbon dioxide is permanently stored (BECCS) or utilised in products (BECCU). In Finland, there is considerable potential for technical sinks and the utilisation of biogenic carbon dioxide.
Read full announcement (external link)
Originally published on 11 Dec
ALEX Kaunas Innovation Park has welcomed its first greenfield investor – Teltonika, one of the strongest high-tech group of companies in Lithuania, is strengthening its presence in Kaunas. The company has chosen Kaunas as a new destination for its strategic growth. A conclusion of an investor agreement has been followed by Teltonika’s application for lease of a 4-hectare site.
It’s official: the first greenfield investor at ALEX Kaunas Innovation Park becomes Teltonika – a leading Lithuanian technology group, known worldwide for developing and manufacturing cutting-edge B2B Internet of Things (IoT) solutions. The Lithuanian-owned company, known for its industrial networking equipment, telematics solutions, EV charging stations, and telemedicine devices, is planning to open a new Technology Centre in Kaunas and has already taken steps to lease a 4-hectare site for the project.
“Teltonika has been operating in Kaunas for more than 20 years, and during this time we’ve built a strong and globally recognised business niche in networking equipment. With a talented team of engineers and a supportive environment for growth, we are ready for a major step forward – investing over EUR 34 million into a 15,500 m² technology centre that will become a hub of modern laboratories, automated production lines, and spaces for developing new innovations,” – says Arvydas Paukštys, founder of the Teltonika group.
Read full announcement (external link)
Originally published on 10 Dec
On 10 December, the Supervision Committee of Latvijas Banka issued a licence to Nexdesk SIA for the provision of crypto-asset services.
The company is entitled to provide the following crypto-asset services:
- providing custody and administration of crypto-assets on behalf of customers,
- executing orders for crypto-assets on behalf of customers,
- transferring services for crypto-assets on behalf of customers.
Nexdesk SIA plans to provide its services both in Latvia and in other European Union (EU) countries.
Nexdesk SIA is the second crypto-asset service provider to receive a licence in Latvia in accordance with the requirements established in the EU Markets in Crypto-Assets Regulation (MiCA). Along with the entry into force of the MiCA Regulation, a unified legal framework for the crypto-asset sector, including the requirement for crypto-asset service providers to obtain authorisation, has been introduced in the EU. Upon obtaining authorisation in one EU country, a crypto-asset service provider may provide services throughout the entire EU in accordance with the mechanism for notifying cross-border activities.
Read full announcement (external link)
Originally published on 11 Dec