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Fortum plans 50-50 wind farm JV in Sweden  

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.

forbes.com

17 April 2007

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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