Fortum JV bolsters Russian regional ties

12/10/2018 09:19 Wind


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.


Iberdrola breaks ground on 500-MW PV plant in Spain's Extremadura

19/03/2019 09:11:00

Spanish energy giant Iberdrola SA broke ground Monday on a 500-MW photovoltaic (PV) complex in the autonomous region of Extremadura.


Daily (18.03.2019): European spot prices tumbled by over 30% on Friday due to strong renewables generation

18/03/2019 10:30:00

Oil prices edged lower on Friday as rising crude U.S. weekly production and worries about global economy put pressure on the market. Brent crude slipped by 0.1% to $67.16 a barrel, while WTI futures traded 0.2% lower at $58.52 a barrel.


Gazprom starts on Serbian CCGT

18/03/2019 09:06:00

Gazprom has started the construction of a 200 MW combined cycle gas turbine (CCGT) power plant in Serbia.