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Fortum to acquire three wind power projects in Norway

Staff Writer | November 11, 2016
Clean energy company Fortum of Finland has signed an agreement to aquire three wind power projects from the Norwegian company Nordkraft.
Fortum
Green energy   Nygårdsfjellet wind farm
The transaction consists of the Nygårdsfjellet wind farm, which is already operational, as well as the fully-permitted Ånstadblåheia and Sørfjord projects.

Fortum and Nordkraft have also agreed on co-operating on the construction and operation of the wind farms.

Fortum expects the transaction to be concluded in the first quarter of 2017. The value of the arrangement will not be disclosed.

Fortum is preparing for the construction of the Ånstadblåheia and Sørfjord projects, expected to be commissioned in 2018 and 2019. When built the total installed capacity of the three wind farms would be approximately 170 MW.


 

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