Fortum JV bolsters Russian regional ties

12/10/2018 09:19 Wind

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Finnish energy company Fortum and local partner Rusnano have signed a cooperation agreement with the government of Kalmykia to build up to 450MW of wind power in the Russian region.

The non-binding agreement covers the 2018 to 2021 period. Fortum said that a separate investment decision will be made for each project, without elaborating further.

 

The company's 50:50 joint venture with Rusnano has won the right to develop almost 2GW of wind  power in Russia.


Capacity is scheduled to come online between 2019 and 2023.

Source: renews.biz

Daily (17.10.2018): UK gas prices dropped on Tuesday due to an oversupplied market

17/10/2018 11:04:00

Global oil prices were slightly up on Tuesday, as forecasts for U.S. supply growth were offset by concerns over the Middle East crude supply due to geopolitical tensions, and the approaching U.S. sanctions on Iranian exports. U.S. West Texas Intermediate futures edged 0.2% higher on Tuesday, to trade at $71.92 a barrel. Meanwhile, Brent crude oil futures rose by 0.8% to end at $81.41 a barrel.

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Romania's Cernavoda NPP Unit 2 returns to full power

17/10/2018 09:08:00

Nuclearelectrica, the operator of Romania's sole nuclear power plant Cernavoda, said on Tuesday that the plant's Unit 2 is operating at full power again, following repair works that lasted 12 hours.

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Spain's Aragon okays construction of 1.29 GW of solar projects

17/10/2018 09:05:00

The government of Spain's Aragon autonomous community announced on Monday it has authorised 1,294.5 MW of solar projects that were awarded in the July 2017 energy auction.

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