Tag: fortum

Fortum and Bank GPB partner on wind power production in Russia

Fortum, the Finnish state-owned energy company, has announced its collaboration with Bank GPB on wind power generation in Russia. A 1.3 GW portfolio of wind projects is being transferred from the Fortum-Rusnano Wind Investment fund (50/50 joint venture) to a recently formed joint venture with Bank GPB for this purpose. The Fortum-Rusnano Wind Investment Fund joint venture will be dissolved following the transfer.

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Fortum to sell 500 MW of its Indian solar assets to Actis

Fortum has decided to divest 500 MW of solar projects in India and has signed an agreement with the global infrastructure investment firm Actis for the same. As part of the agreement, Actis will receive ownership of the 250 MW Pavagada II and the 250 MW Rajasthan solar power plants.

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