Tag Archives: Fortum

Waste-to-Energy Power Plant In Kaunas Starts Investment

ESPOO, 20-Mar-2017 — /EuropaWire/ — The joint venture Kauno Kogeneracinė Jėgainė (KKJ), owned by Fortum and Lietuvos Energija, will build a waste-to-energy combined heat and power plant (CHP) in Kaunas, Lithuania. On 16th March KKJ signed contracts for the main equipment … Read the full press release

Fortum finalises acquisition of three wind power projects from the Norwegian company Nordkraft

ESPOO, 11-Jan-2017 — /EuropaWire/ — The transaction consists of the Nygårdsfjellet wind farm, which is already operational, as well as the fully-permitted Ånstadblåheia and Sørfjord projects. Fortum is preparing for the construction of the Ånstadblåheia and Sørfjord projects, expected to be commissioned in … Read the full press release

Fortum’s heat and power plant Chelyabinsk GRES inaugurated in Russia

HELSINKI, 18-Oct-2016 — /EuropaWire/ — Fortum’s combined heat and power plant Chelyabinsk GRES was inaugurated today in Russia. Chelyabinsk GRES unit 1 has been in commercial operation since December 2015 and unit 2 since March 2016. Speaking at the inauguration event, Fortum’s President … Read the full press release

Fortum announces the appointment of Jani Lösönen as new CEO of Ekokem

ESPOO, 06-Sep-2016 — /EuropaWire/ — On 31 August 2016 Fortum announced that it has completed the acquisition of Ekokem Corporation. From the end of August 2016 onwards, Ekokem will be integrated into Fortum Group as a business area of the City … Read the full press release

Fortum invites organisations to take part in the “Hack the Solar” hackathon on 21–23 October

ESPOO, 06-Sep-2016 — /EuropaWire/ — Fortum invites start-ups, software developers and service designers to apply to take part in the “Hack the Solar” hackathon on 21–23 October. The event will bring together the brightest minds to improve the solar panel purchasing … Read the full press release

Fortum to acquire majority stake in leading Nordic circular economy company Ekokem Corporation

ESPOO, 30-May-2016 — /EuropaWire/ — Fortum has signed an agreement with the four biggest owners of Ekokem Corporation, representing approximately 81% of the shares, to acquire their  shareholding in the company for approximately EUR 470 million. This would correspond to a debt … Read the full press release

Fortum targets gigawatt-scale wind and solar portfolio

ESPOO, 12-Apr-2016 — /EuropaWire/ — Fortum’s solar strategy targets a wider geographic scope than the company’s current business portfolio, and hence will entail entering selected new locations globally. Fortum will carefully select a few geographies with excellent solar conditions. With technologies … Read the full press release

Fortum to develop additional services and products for sustainable city solutions with the acquisition of Swedish IT company Info24

ESPOO, 12-Apr-2016 — /EuropaWire/ — Fortum has acquired the Swedish IT company Info24, a company specialised in the development of business solutions within the IoT, Internet of Things. The parties have agreed that they will not disclose the transaction price. Fortum and Info24 … Read the full press release

Maintpartner and Fortum to refurbish Eskilstuna Energi & Miljö biofuel-driven thermal power station in Sweden

Espoo, Finland, 3-12-2015 — /EuropaWire/ — The Swedish power company Eskilstuna Energi & Miljö refurbishes its biofuel-driven thermal power station. The aim is to secure supply of district heating for the next 20 years and to reduce NOx emissions by 5 – … Read the full press release

Fortum to supply boiler unit refurbishment project at biofuel-fired combined heat and power plant in Sweden

ESPOO, 24-11-2015 — /EuropaWire/ — Fortum will supply a boiler unit refurbishment project at a biofuel-fired combined heat and power plant owned by Eskilstuna Energi & Miljö AB in Sweden. Fortum was selected as a provider for the project on the … Read the full press release

Fortum completed divestment of its Swedish electricity distribution business to consortium of Första AP-Fonden, TredjeAP-Fonden, Folksam and Borealis Infrastructure Management

HELSINKI, 8-6-2015 — /EuropaWire/ — Fortum has today completed the divestment of its Swedish electricity distribution business, which was announced on 13 March 2015. The transaction has all the necessary regulatory approvals and the customary closing conditions have been met. The total consideration … Read the full press release

INEOS Industries Holdings Ltd acquires Grangemouth Combined Heat and Power Plant from Fortum for £54 million

Additional investment further supports the competitiveness of the Grangemouth site as INEOS begins construction of its new £300 million ethane terminal.  Rolle, Switzerland, 7-10-2014 — /EuropaWire/ — INEOS Industries Holdings Ltd has agreed to acquire the Combined Heat and Power … Read the full press release

Rolls-Royce to modernise Fortum’s Loviisa Nuclear Power Plant automation

Helsinki, Finland, 21-5-2014 — /EuropaWire/ — Fortum has signed an agreement with Rolls-Royce about the modernisation of automation at its Loviisa nuclear power plant in Finland. The parties have agreed not to disclose the value of the agreement. The modernisation will be carried … Read the full press release

Fortum and Areva-Siemens Consortium agreed to discontinue the current automation modernisation project agreement at Loviisa nuclear power plant in Finland

Helsinki, Finland, 21-5-2014 — /EuropaWire/ — Fortum and Areva-Siemens Consortium have agreed on discontinuation of the current automation modernisation project agreement. Areva-Siemens Consortium will complete the ongoing agreed and resized work in cooperation with Fortum. Fortum is convinced that a new solution to continue the … Read the full press release

UK Department for Business, Innovation and Skills owned Wave Hub welcomes Finnish multi-national utilities firm Fortum

Hayle, UK, 28-2-2014 — /EuropaWire/ — Finnish multi-national utilities firm Fortum has signed an agreement to secure a berth at Wave Hub, the offshore renewable energy test facility in Cornwall, it was announced today. The leasing agreement gives Fortum the opportunity to … Read the full press release

Fortum to refurbish two of the Imatra hydropower plant’s seven units

Helsinki, Finland, 28-2-2014 — /EuropaWire/ — Fortum is carrying out extensive refurbishment of two of the Imatra hydropower plant’s seven units. The refurbishment will increase the capacity of the power plant to 192 megawatts and will improve safety and reliability. After … Read the full press release

Fortum signed leasing agreement with UK-based Wave Hub to test wave power solutions off the coast of Cornwall

Helsinki, Finland, 28-2-2014 — /EuropaWire/ — Fortum has signed a leasing agreement with the UK-based Wave Hub in order to test wave power solutions off the coast of Cornwall. The agreement provides Fortum with a new opportunity to rapidly deploy advanced, full-scale wave power converters … Read the full press release

wpd europe GmbH buys Finish wind farm project Tohkoja from Fortum

Bremen, Germany, 17-1-2014 — /EuropaWire/ — wpd europe GmbH buys the wind farm project Tohkoja, situated on Finland’s west coast, from Finnish energy provider Fortum. wpd is planning the project with up to 26 wind turbines and an overall capacity of up … Read the full press release

Fortum agreed to sell its electricity distribution business in Finland to Suomi Power Networks Oy for EUR 2.55 billion

Helsinki, Finland, 13-12-2013 — /EuropaWire/ — Fortum has agreed to sell its electricity distribution business in Finland to Suomi Power Networks Oy, which is owned by a consortium of Finnish pension funds Keva (12.5%) and LocalTapiola Pension (7.5%) together with international … Read the full press release

Fortum announced it decided to divest its electricity distribution business

Helsinki, Finland, 13-12-2013 — /EuropaWire/ — Fortum has completed the assessment of the future alternatives of its electricity distribution business that was launched in January 2013. After thorough consideration, the company has concluded that divesting the electricity distribution business is the best solution … Read the full press release

Rolls-Royce wins nuclear engineering services contract by Russian state-owned nuclear company Rosatom

05-9-2013 — /EuropaWire/ — Rolls-Royce has been awarded a nuclear engineering services contract by Rosatom, the Russian state-owned nuclear company. In a separate agreement, Rolls-Royceannounced that it will collaborate with Rosatom and Finnish nuclear utility company Fortum on an initial project to assess the … Read the full press release

Maintpartner Finland signs major hydropower operation and maintenance outsourcing contract with Fortum

28-8-2013 — /EuropaWire/ — Maintpartner Finland and Fortum have signed a three-year operation and maintenance agreement regarding Fortum’s hydropower plants in the Oulujoki and Imatra regions. Under the agreement, the local operation and maintenance personnel of Fortum’s hydropower plants will transfer to … Read the full press release

Fortum and Maintpartner signed 3-year operation and maintenance agreement regarding Fortum’s hydropower plants in Oulujoki and Imatra, Finland

28-8-2013 — /EuropaWire/ — Fortum and Maintpartner have signed a three-year operation and maintenance agreement regarding Fortum’s hydropower plants in the Oulujoki and Imatra regions of Finland. Under the agreement, the local operation and maintenance personnel of Fortum’s hydropower plants will transfer … Read the full press release

Fortum says EU emissions trading scheme needs to be renovated urgently

4-7-2013 — /europawire.eu/ — Fortum commends today’s voting result in the European Parliament whereby the amendment of the emissions trading directive regarding backloading was adopted with votes 346-308. The voting result means a temporary withdrawal of 900 million allowances from the market in 2013-2015. … Read the full press release

Fortum agreed to sell its 33% holding in Norwegian Infratek ASA for EUR 37M to fund advised by Triton

3-7-2013 — /europawire.eu/ — Fortum has agreed to sell its 33% holding in Norwegian Infratek ASA to a fund managed by Triton. The sales price is approximately EUR 37 million. The divestment is in line with Fortum’s aim to strengthen its strategic … Read the full press release

Fortum acquired district heat operations in Tartu, Estonia from Eraküte

3-7-2013 — /europawire.eu/ — Fortum has agreed to acquire district heat operations in the city of Tartu in Estonia from the Estonian district heat company Eraküte. The district heating network accounts for approximately 20% of the whole Tartu network and is the fastest … Read the full press release

Fortum files complaint to EC on Swedish plans of increasing real-estate tax for hydropower

2-7-2013 — /europawire.eu/ — The Swedish State is planning to increase the real-estate tax for hydropower as of 2013. The tax is based on the production volumes and according to preliminary information, it will increase the share of tax from the … Read the full press release