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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...

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Fortum to use unspent Uniper cash on district heating projects

Diarmaid Williams, Decentralized Energy Summary Finland’s Fortum is to use finance originally intended for a majority buy-out of Germany’s Uniper, to instead invest in district heating opportunities across Europe and Russia The company recently failed in its bid to win majority...

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The City of Espoo and Fortum introduce solutions for an emission-free city: Carbon-free district heat and smart heating solutions

Press Release, Fortum In 2016, the City of Espoo and Fortum signed an agreement on developing economically and ecologically sustainable urban solutions. In cooperation the City of Espoo and Fortum are building an emission-free city together, and the first results can already be seen. The...

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Construction starts on waste-to-energy plant in Lithuania - report

Renewables Now Kaunas project. Image by Summary Finnish energy group Fortum Oyj (HEL:FUM1V) and Lietuvos Energija have launched construction work on a waste-to-energy combined heat and power (CHP) project in Lithuania, the Baltic News Service reports. Full Article ...

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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...

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Finland's Fortum in the hunt for CHP and hydropower plants

Lefteris Karagiannopoulos and Jussi Rosendahl, Reuters Summary HELSINKI (Reuters) - Finnish utility Fortum is looking to spend its multibillion-euro cash pile on combined heat and power plants (CHP) and hydropower assets in Europe, as well as expanding in nuclear services, its chief...