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Yep, their electricity sales contract expired (EDIT: ended for unspecified reasons) and they don't have a new contract. Their electricity transfer contract

Yep, their electricity sales contract ~~expired~~ (EDIT: ended for unspecified reasons) and they don't have a new contract. Their electricity transfer contract is still valid because their Finnish company is not a part of sanctions. (Electricity sales and transfer is separate in Finland.) When they get a new electricity sales contract, then the transfer company will reconnect power. I think the only matter here related to the war could be that electricity sales companies might be reluctant to sell a contract to them, due to PR reasons. But I bet one of them will, and they will get their power back.

Hamuko 4y ago
As far as I understood, their electricity contract did not expire, or at least that was not explicitly mentioned. The transfer company, which now cut them from the grid, was their electricity seller until the end of 2021, and from the beginning of 2022 they had another seller provide them electricity, but that has ended for reasons unknown. >"Hänen mukaansa aiemmin sähköä myi Yandexille Nivos Energia, mutta sopimus päättyi jo vuodenvaihteessa. Tilalle tuli uusi sähkönmyyjä, joka on nyt lopettanut sähkönmyynnin."
- Ndymium 4y ago
  You're correct, though I wonder what the reason could be other than expiring. Thinking out loud, maybe they've had trouble paying due to money transfer issues between Finland and Russia. In any case it's not directly due to any sanctions as the company is not sanctioned.
  - nicce 4y ago
    I guess the company was Ilmatar Energy, and they had signed a five-year contract, which started in January. Some contract violation is required to cancel that. https://www.saurenergy.com/solar-energy-news/russian-yandex-signs-5-year-wind-ppa-with-finnish-ilmatar-energy https://www.saurenergy.com/solar-energy-news/russian-yandex-... https://www.datacenterdynamics.com/en/news/yandex-signs-5-year-renewable-energy-deal-in-finland/ https://www.datacenterdynamics.com/en/news/yandex-signs-5-ye...
    - b112 4y ago
      I wonder. Every contract I've ever signed, has clauses about "unless legally compelled". EG, if it is an NDA, it often talks about the NDA being void, if compelled to testify etc etc Most supply contracts should have the same concept. That is, "this contract isn't enforcable, if a party is legally compelled to do thing $x".
      - Tuna-Fish 4y ago
        This doesn't need to be written into the contract inside the EU. Law is stronger than contracts, legislators and courts can pre-empt contracts in part or in whole.
        nicce 4y ago
        I wonder how often these pre-empt cases can be handled privately. E.g. what is the likelihood that it has happened in this case without public knowledge.
  - deleted 4y ago
    [deleted]
  - Ekaros 4y ago
    The new seller went bankrupt? The massive increased price in electricity and long term contracts with other parties could have made them unable to continue running. Specially if it is some rather small company.
    - Hamuko 4y ago
      It seems unlikely for a company on the scale of Yandex to make a deal with a small company unless they had literally no other choice. And like nicce pointed out, they seemed to have a five-year contract with Ilmatar Energy Oy, which in 2020 did 30.3 million euros in revenue and 1.9 million euros in profit, and seem to still be solidly in the business of selling wind power.
Cthulhu_ 4y ago
I don't think a contract expiring would lead to power being cut off this suddenly; there will have been extensive negotiations beforehand and a grace period.
- dry_soup 4y ago
  The grace period of 10 days ended recently.
- mike_d 4y ago
  It is "sudden" when viewed with an external lens. The only example I can think of where companies make potentially negative contract negotiations public is when cable companies enter into pissing matches with content providers (i.e. call your local NBC station now and tell them you want to keep their channel on DirecTV!)
- aqme28 4y ago
  Grace periods tend to be shorter for companies with a high likelihood of defaulting due to say the threat of international sanctions.
anonymfus 4y ago
> I think the only matter here related to the war could be that electricity sales companies might be reluctant to sell a contract to them, due to PR reasons. But I bet one of them will, and they will get their power back Not necessary, as actual engineers and electricians working for such companies could also refuse to make that connection. Also it's likely that sanctions will be more severe soon as Russian troops will do more crimes.
- oneoff786 4y ago
  What crimes are going to move the needle further at this point
  - pjc50 4y ago
    They could shoot down a plane full of NATO nationals (again), or deploy chemical weapons of mass destruction in European cities (again)?
    - swarnie 4y ago
      Oh oh, want about more extra-judicial assassinations in NATO countries? 123m spire ect ect (be sad)
      - 14 4y ago
        “Please don't comment about the voting on comments. It never does any good, and it makes boring reading.” As per site guidelines
        swarnie 4y ago
        Fixed it just for you =)
    - RobertRoberts 4y ago
MichaelMoser123 4y ago
Ended for unspecified reasons? So is Yandex going to sue back? Is that an option?

Yep, their electricity sales contract ~~expired~~ (EDIT: ended for unspecified reasons) and they don't have a new contract. Their electricity transfer contract

Hamuko 4y ago

As far as I understood, their electricity contract did not expire, or at least that was not explicitly mentioned. The transfer company, which now cut them from the grid, was their electricity seller until the end of 2021, and from the beginning of 2022 they had another seller provide them electricity, but that has ended for reasons unknown. >"Hänen mukaansa aiemmin sähköä myi Yandexille Nivos Energia, mutta sopimus päättyi jo vuodenvaihteessa. Tilalle tuli uusi sähkönmyyjä, joka on nyt lopettanut sähkönmyynnin."

Ndymium 4y ago
You're correct, though I wonder what the reason could be other than expiring. Thinking out loud, maybe they've had trouble paying due to money transfer issues between Finland and Russia. In any case it's not directly due to any sanctions as the company is not sanctioned.
- nicce 4y ago
  I guess the company was Ilmatar Energy, and they had signed a five-year contract, which started in January. Some contract violation is required to cancel that. https://www.saurenergy.com/solar-energy-news/russian-yandex-signs-5-year-wind-ppa-with-finnish-ilmatar-energy https://www.saurenergy.com/solar-energy-news/russian-yandex-... https://www.datacenterdynamics.com/en/news/yandex-signs-5-year-renewable-energy-deal-in-finland/ https://www.datacenterdynamics.com/en/news/yandex-signs-5-ye...
  - b112 4y ago
    I wonder. Every contract I've ever signed, has clauses about "unless legally compelled". EG, if it is an NDA, it often talks about the NDA being void, if compelled to testify etc etc Most supply contracts should have the same concept. That is, "this contract isn't enforcable, if a party is legally compelled to do thing $x".
    - Tuna-Fish 4y ago
      This doesn't need to be written into the contract inside the EU. Law is stronger than contracts, legislators and courts can pre-empt contracts in part or in whole.
      - nicce 4y ago
        I wonder how often these pre-empt cases can be handled privately. E.g. what is the likelihood that it has happened in this case without public knowledge.
- deleted 4y ago
  [deleted]
- Ekaros 4y ago
  The new seller went bankrupt? The massive increased price in electricity and long term contracts with other parties could have made them unable to continue running. Specially if it is some rather small company.
  - Hamuko 4y ago
    It seems unlikely for a company on the scale of Yandex to make a deal with a small company unless they had literally no other choice. And like nicce pointed out, they seemed to have a five-year contract with Ilmatar Energy Oy, which in 2020 did 30.3 million euros in revenue and 1.9 million euros in profit, and seem to still be solidly in the business of selling wind power.

Cthulhu_ 4y ago

I don't think a contract expiring would lead to power being cut off this suddenly; there will have been extensive negotiations beforehand and a grace period.

dry_soup 4y ago
The grace period of 10 days ended recently.
mike_d 4y ago
It is "sudden" when viewed with an external lens. The only example I can think of where companies make potentially negative contract negotiations public is when cable companies enter into pissing matches with content providers (i.e. call your local NBC station now and tell them you want to keep their channel on DirecTV!)
aqme28 4y ago
Grace periods tend to be shorter for companies with a high likelihood of defaulting due to say the threat of international sanctions.

anonymfus 4y ago

> I think the only matter here related to the war could be that electricity sales companies might be reluctant to sell a contract to them, due to PR reasons. But I bet one of them will, and they will get their power back Not necessary, as actual engineers and electricians working for such companies could also refuse to make that connection. Also it's likely that sanctions will be more severe soon as Russian troops will do more crimes.

oneoff786 4y ago
What crimes are going to move the needle further at this point
- pjc50 4y ago
  They could shoot down a plane full of NATO nationals (again), or deploy chemical weapons of mass destruction in European cities (again)?
  - swarnie 4y ago
    Oh oh, want about more extra-judicial assassinations in NATO countries? 123m spire ect ect (be sad)
    - 14 4y ago
      “Please don't comment about the voting on comments. It never does any good, and it makes boring reading.” As per site guidelines
      - swarnie 4y ago
        Fixed it just for you =)
  - RobertRoberts 4y ago

MichaelMoser123 4y ago

Ended for unspecified reasons? So is Yandex going to sue back? Is that an option?