EnergyWatch

Fortum divests 500 MW of Indian solar power

The Finnish company has sold two 250 MW solar farms to investment company Actis.

Photo: Fortum

Fortum is continuing its divestments to follow its build-operate-transfer model. The company has therefore recently signed a deal to divest two solar power farms, Pavaganda II and Rajasthan, which each encompass 250 MW and are based in India, to Actis, a global infrastructure investment company.

"I am very happy to announce the transaction with Actis, which is a large and respectable global investor with a strong presence in the energy sector. We can utilize the strong competencies Fortum has achieved in solar development and construction throughout the years, as well as using the financial strength and track record of Actis, to realize the investment potential," says Per Langer, head of Fotum's City Solutions department.

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