Fortum plans 50-50 wind farm JV in Sweden |
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Published
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Tue, 17 Apr 2007 13:10
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HELSINKI (Thomson Financial) - Finnish utility Fortum said it is planning a 50-50 wind farm joint venture with Orsa Besparingsskog, a land and forest cooperative in Sweden.The venture would spend between 22-33 mln eur on up to eight 2-3 megawatt wind power plants in the Orsa Finnmark area of the province of Dalarna in central Sweden.Fortum said the investment would be part of a long-term plan to raise its 'environmentally-benign' power generation capacity.Most of the 7 bln eur Fortum has spent on CO2-free capacity since 2000 has been for nuclear and hydro-energy projects.james.etheridge@thomson.comje/jfrCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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