Fennovoima
Native name | Fennovoima Oy |
|---|---|
| Company type | Private limited company |
| Industry | nuclear power |
| Founded | 2007 |
| Headquarters | , |
Key people | Matti Suurnäkki (CEO) |
| Owner | Voimaosakeyhtiö SF (66 %) and RAOS Voima Oy (34 %) |
| Website | fennovoima.fi |
Fennovoima Ltd (Finnish: Fennovoima Oy) is a nuclear power company established by Russian state's nuclear company Rosatom and a consortium of Finnish state-owned power and industrial companies.
The company does not own any nuclear capacities; however, it was preparing to build the 1200 MW Hanhikivi 1 nuclear power plant at Pyhäjoki. Fennovoima terminated the project in May 2022, citing significant delays and Rosatom's "inability to deliver the project". After the termination of the project, Fennovoima laid off almost all of its employees and intiated arbitrations against Rosatom to claim compensation for damages.