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Caruna will issue an EUR-denominated green bond as the first Nordic Distribution System Operator
Caruna priced its inaugural Green Bond amounting to EUR 300m with a 7-year maturity. The use of proceeds from the issuance will be used in accordance with the newly established Green Finance Framework for capacity expansion of the grid, cable or overhead line network upgrades, storage and technology and R&D. CICERO has provided a Second-Party Opinion on the framework and rated Caruna’s Green Finance Framework CICERO Medium Green.
Caruna ready to net small-scale production
The new amendment to the Government Decree allows hourly netting of small-scale production and consumption. This means that Caruna will automatically compensate for production that is not used in a one-hour period in the small-scale producer's distribution invoice.
Electricity solutions for specific needs: Cultivation with grow lighting in greenhouses uses a lot of electricity for the needs of growing
In Finland, the growing season is naturally short, but by using grow lighting, Finnish crops can be produced year round. Lighting that provides strength to growth is the biggest electricity user in a greenhouse, and annual usage can easily reach tens of thousands of megawatt hours. Electricity for the Juntti market garden will soon be delivered via their own Caruna primary substation
Happy coincidences and Finnish mettle – the first single-family house with the Nordic Swan Ecolabel is an energy efficient dream home
In summer 2018, Roiha family's beautiful house, Villa Roiha, was completed near the sea in Kaarina. It is exceptional for many reasons – apart from being the first single-family house in Finland to have the Nordic Swan Ecolabel, it is also unique for its electricity system. Caruna assisted in the implementation of this energy efficient house.
Solar panels surprised the Rantanen family – electricity even during rain
The single-family house of the Rantanens has been standing in its place in Sastamala since 1958. When the Rantanens bought the house 30 years ago, they started a gradual energy renovation project.
Caruna has established a Green Finance Framework
Caruna has established a Green Finance Framework to further integrate its climate ambitions into its financing.
Do you use exchange electricity? Reduce your bill with electrical load control
Electrical load control is the control of heating and hot water boilers in homes through an electricity meter. The control is suitable not only for buyers of exchange electricity who use the service at night, but also for owners of solar panels, who should concentrate their electricity use during the day.
Construction of Sinimäki primary substation and related 110 kV underground cable connection begins in Espoo – effects on traffic arrangements
In the next few years, a new substation will be built in Sinimäki to meet the needs of growing electricity consumption and to support Espoo's carbon-neutral strategy. An underground high-voltage cable of six kilometres will also be installed during the project to connect the substations in Leppävaara and Sinimäki.
A carbon-neutral future is the common goal of Espoo and Caruna – cooperation agreement signed
The City of Espoo and electricity distribution company Caruna Espoo Oy signed an agreement on strategic cooperation on March 31, 2021. The aim of the cooperation is to support Espoo's growth and carbon-neutrality targets with a strong electricity network that meets future energy needs, enabling clean energy solutions for Espoo residents and companies.
Caruna Networks Oy’s Annual General Meeting 13 April 2021
Caruna Networks Oy held its Annual General Meeting on 13 April 2021 and the following appointments were made.