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Fortum Considers Possible Strategic Options for Its District Heating Businesses in Joensuu, Finland and in Parnu and Tartu, Estonia

Webwire Summary Fortum has decided to assess strategic options, including possible divestment, of its district heating and cooling businesses in Joensuu, Finland as well as in Pärnu (100% ownership) and Tartu (60% ownership), Estonia. In line with its strategy, Fortum continuously reviews...


Blog Entry
Infrastructure fund of First State buys 85% of Estonian energy producer Utilias

The Baltic Course Summary The European Diversified Infrastructure Fund II SPSc (EDIF II), a dedicated long-term infrastructure fund managed by the Australian investment company First State Investments, has become a financial investor in Estonia’s largest district heating company OU Utilitas...


Blog Entry
Fortum tops list of recipients of renewable energy subsidy in September in Estonia

The Baltic Course Summary Companies of Fortum Eesti, a holding of the Finnish Fortum Power and Heat OY energy group, were the biggest recipients of renewable energy support and high-efficiency cogeneration support in Estonia in September, receiving altogether 1.5 million euros, writes LETA...