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Fortum wins tender for 250MW PV project in Montenegro

A consortium of Finland's Fortum and Montenegro’s power utility, EPCG, has won a tender for the construction and operation of a PV project with an installed generation capacity of 250MW within the country, according to Montenegro’s economy ministry.

Fortum to sell 54% stake in India solar portfolio

Finland’s Fortum has signed an agreement to sell a 54% share of its solar power company that operates four solar plants in India, with an aggregate capacity of 185MW, to UK Climate Investments (UKCI) (40%) and Elite Alfred Berg (14%).

Indian solar tariffs reach ‘surprise’ new low of INR4.34/kWh

India’s fiercely competitive solar auctions have driven bids down to another surprise low with Finland-based developer Fortum Finnsurya Energy winning 70MW capacity in Rajasthan at a price of INR4.34/kWh (US$0.064), which is a drop of more than a 6% from the previous Indian record of INR4.63/kWh.