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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.

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