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Fortum’s Q1 profit lags forecast on low hydropower output

Fortum’s core operating profit rose 1 percent from a year ago to $454 million but fell short of analysts’ average expectations of 419 million euros in a Reuters poll OSLO: Finnish utility Fortum reported weaker than expected profits for the first quarter on Friday as higher power prices were offset by low volumes in electricity […]

Hydrogen storages important foundation for solar PV expansion in Europe – German govt scenarios -EQ

FORTUM BRINGS ADVANCED NOx REDUCTION TECHNOLOGY IN INDIA

Brings together industry bodies and thermal plant companies to increase awareness and deliberate on NOx reduction technology for reducing emissions Conducted a successful pilot project with NTPC Mumbai: Fortum, a Finnish energy company is bringing its proven NOx (Nitrogen Oxide) reduction technology in India under the new business ‘Fortum eNext’. As part of this initiative, it […]

GE T&D India gets order from Powergrid to set up transmission asset management centre in Odisha – EQ

BRIEF: Fortum to build 250-MW solar power plant in India

SOLAR PARK WILL BE ENTITLED TO A FIXED TARIFF OF 2.48 INR/KWH FOR 25 YEARS * FORTUM WINS THE RIGHT TO BUILD A 250-MW SOLAR POWER PLANT IN INDIA * SOLAR PARK WILL BE ENTITLED TO A FIXED TARIFF OF 2.48 INR/KWH FOR 25 YEARS * COMMISSIONING OF PLANT IS EXPECTED IN Q4 OF 2020 * HAS WON RIGHT FROM SOLAR ENERGY […]

Microsoft, Brookfield to partner to develop new wind, solar farms – EQ