Fortum forms joint venture on wind with Bank GPB

The investment fund Fortum-Rusnano will be dissolved, while the 1.3GW portfolio will be transferred to the new partnership.

BY ANNE FILBERT, TRANSLATED BY CHRISTOFFER ØSTERGAARD

Fortum is setting up a new joint venture in Russia with Bank GPB to concentrate its efforts in the country's wind energy sector. The venture will be jump-started with the transfer of the 1.3GW wind portfolio from investment fund Fortum Rusnano.

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