ESPOO, 03-Oct-2017 — /EuropaWire/ — Fortum has made a final investment decision on the Sørfjord windfarm in Northern Norway. Sørfjord is part of the wind portfolio that Fortum acquired from Nordkraft earlier this year. The Sørfjord wind park will have 23 … Read the full press release
Posted in Energy, Gas & Oil, Finland, Norway
Tagged Fortum, Philippe Stohr, Sørfjord windfarm, windfarm
ESPOO, 03-Oct-2017 — /EuropaWire/ — At the most recent Assembly of the Academy Pekka Lundmark and five other international members were inducted. To be inducted as a member is considered to be both an honor and an acknowledgement of outstanding contributions. … Read the full press release
ESPOO, 03-Apr-2017 — /EuropaWire/ — Fortum and Ekokem teamed up in 2016 to form a major Nordic circular economy company. Following the successful integration of Ekokem’s operations, Ekokem will now also become Fortum. Ekokem’s brand will be changed to Fortum from … Read the full press release
ESPOO, 03-Apr-2017 — /EuropaWire/ — Mayor of Espoo Jukka Mäkelä and Fortum President and CEO Pekka Lundmark signed an agreement on 28 March 2017 to continue the implementation of shared energy targets and the development of city solutions in Espoo. “EU studies … Read the full press release
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
Posted in Energy, Gas & Oil, Environment, Finland, Lithuania
Tagged Fortum, Kaunas, Kauno Kogeneracinė Jėgainė, Lietuvos Energija, Waste-to-Energy Power Plant
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
Posted in Energy, Gas & Oil, Finland, Investment, Norway
Tagged acquisition, Fortum, Nordkraft, Norwegian company, wind power projects
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
Posted in Energy, Gas & Oil, Finland, Russia
Tagged Alexander Chuvaev, Chelyabinsk GRES, Fortum, heat and power plant, Pekka Lundmark, RUSSIA
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
Posted in Energy, Gas & Oil, Finland, Management
Tagged Ekokem, Fortum, Jani Lösönen, Karri Kaitue
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
Posted in Energy, Gas & Oil, Finland, Marketing, Society, Technology
Tagged Fortum, solar energy, Timo Liiri, “Hack the Solar” hackathon
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
Posted in Business, Finland, Management
Tagged Ekokem Corporation, Fortum, leading Nordic circular economy company
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
Posted in Energy, Gas & Oil, Finland, Management
Tagged Fortum, gigawatt-scale wind, solar portfolio
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
Posted in Business, Energy, Gas & Oil, Finland, Internet & Online, Management, Sweden, Technology
Tagged Fortum, Info24, sustainable city solutions, Swedish IT company
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
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
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
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
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
Posted in Business, Energy, Gas & Oil, Finland, Management, Technology
Tagged Finland, Fortum, Loviisa Nuclear Power Plant automation, Rolls-Royce, Tiina Tuomela
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
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
Posted in Business, Energy, Gas & Oil, Finland, Infrastructure & Utilities, United Kingdom
Tagged advanced full scale wave power converters, berth, Chris Pomfret, Cornwall, Finnish multi-national utilities firm, Fortum, giant ‘socket’ on the seabed, grid network onshore, Hayle, Heli Antila, Jason Clark, Michael Fallon, Nordic utilities giant, offshore renewable energy, offshore renewable energy test facility, UK Department for Business Innovation and Skills, Wave Hub, Wave Hub Limited
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
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
Posted in Business, Energy, Gas & Oil, Finland, Infrastructure & Utilities, United Kingdom
Tagged emissions-free energy, Finnish wave power company Wello, Fortum, Heli Antila, inexhaustible energy, leasing agreement, off the coast of Cornwall, renewable energy sources, solar economy, UK-based Wave Hub, Wave Hub, wave power, wave power converters, wave power solutions
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
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Germany, Investment
Tagged acquisition, Fortum, Helge Rau, Jokela, Kalajoki, Mäkikangas, Tohkoja, wind farm, wind farm project, wpd europe GmbH
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
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
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
Posted in Business, Energy, Gas & Oil, Industrial, Russia, United Kingdom
Tagged 'Generation III+ VVER' nuclear reactor technology, Finnish nuclear utility company Fortum, Fortum, Jason Smith, Michael Fallon, nuclear company, nuclear engineering, nuclear engineering services, nuclear engineering services contract, Rolls-Royce, ROSATOM, y Russian state-owned nuclear company
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
Posted in Business, Energy, Gas & Oil, Finland, Industrial, Management
Tagged Baltic Sea region, CapMan, Fortum, Fortum's hydropower plants, hydropower operation and maintenance outsourcing contract, hydropower plants, Imatra, industrial maintenance, Juha Lepikko, Maintpartner, Maintpartner Finland, Maintpartner Oy, Oulujoki
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
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
Posted in Energy, Gas & Oil, Environment, European Union, Finland
Tagged Fortum, Helsinki, Markus Rauramo
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
Posted in Business, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Norway
Tagged acquisition, divestment, Fortum, fund, Infratek ASA, Triton, Triton funds
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
Posted in Business, Energy, Gas & Oil, Estonia, Financial, Finland, Infrastructure & Utilities, Investment
Tagged acquired, acquisition, Eraküte, Estonia, Fortum, heat operations, Tartu