Swedish Court of Appeal Rules Against Fortum in Income Tax Case Updated On Sat, Jul 1st, 2017 by Saurenergy Fortum will book a tax cost of 1,175 MSEK (EUR 123 million) in the second quarter 2017 results. The booking will not have any cash flow effect for Fortum, as the additional taxes and interest have already been paid in 2016. The Court of Appeal in Stockholm, Sweden on 30 June 2017 ruled against Fortum […] Read more
Fortum Plans to Commission 250 MW Solar Power Capacity Every Year Updated On Tue, Apr 11th, 2017 by Saurenergy Fortum has announced that the company will be adding at least 250 MW solar capacity in India every year. Finnish firm Fortum has commissioned a 70MW solar PV plant in Rajasthan, which it won last year at what was then a record low tariff of INR4.34/kWh, is now eyeing to set up at least 250 […] Read more
Fortum Commissions a 70 MW Solar Power Project in India Updated On Tue, Apr 4th, 2017 by Saurenergy Fortum has successfully commissioned its third and the biggest, a 70 MW solar power project at Bhadla with a fixed tariff for 25 years. Fortum has commissioned a 70-MW solar plant at Bhadla solar park in Rajasthan, India. The solar plant is Fortum’s third and so far biggest commissioned solar energy project. Fortum won a […] Read more
Fortum appoints Mikael Rönnblad as Executive Vice President, Consumer Solutions Updated On Mon, Mar 20th, 2017 by Saurenergy Mikael Rönnblad will report to the President and CEO. Mr. Rönnblad and will have the overall responsibility for Fortum’s consumer business, including the development of new solutions and business models. Mikael Rönnblad, M.Sc. (Econ.), 47, has been appointed Executive Vice President, Consumer Solutions and member of Fortum’s Executive Management starting on 15 June 2017 at […] Read more
Fortum, Futurice developing a new concept for solar energy companies in developing countries Updated On Tue, Mar 14th, 2017 by Saurenergy The solution for solar energy companies will be developed in an open innovation process by combining the resources and know-how of Fortum and Futurice Fortum and software agency Futurice are working on a new kind of cooperation that combines their expertise in solar energy and software design. The aim of the cooperation is to create […] Read more
Fortum, Taaleri signs an agreement with Chempolis Oy to invest in the company Updated On Mon, Oct 24th, 2016 by Saurenergy Fortum and Taaleri Kiertotalous Ky have entered into an agreement with Chempolis Oy to invest in the company. The agreement is part of a restructuring of Chempolis Oy’s ownership and financing, in order to strengthen the balance sheet and operations as well as open new growth areas. Fortum will invest approximately EUR 6.4 million and […] Read more
Fortum signs EUR 1,750 million syndicated Multicurrency Revolving Facility Agreement Updated On Fri, Jun 17th, 2016 by Saurenergy Fortum Corporation has signed a EUR 1. 75 billion syndicated Multicurrency Revolving Facility Agreement. The company will use the committed facility for general corporate purposes and replaces the existing credit facility signed in July 2011. The facility has an initial maturity of five years and Fortum may request two one-year extension options. The company in […] Read more
Fortum has made an indicative, non-binding offer to acquire Ekokem Updated On Fri, May 13th, 2016 by Saurenergy Fortum has made an indicative, non-binding offer to the four biggest shareholders in Ekokem to acquire their shareholding in the company. The biggest shareholders are Finnish State, Association of Finnish Local and Regional Authorities, Ilmarinen Mutual Pension Insurance Company and Helsinki Region Environmental Services Authority HSY, representing more than 80% of the shares. Fortum does […] Read more
Fortum launches Nordic countries’ biggest electricity storage pilot project Updated On Fri, Apr 22nd, 2016 by Saurenergy Fortum has announced the launch of Nordic countries’ biggest electricity storage pilot project integrating Saft’s megawatt-scale Li-ion (lithium-ion) battery energy storage technology. The company in a statement said “the objective is to research the suitability of batteries used for storing electricity to maintain a power balance in the electricity system. Additionally, the research will explore […] Read more
