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Fortum to buy renewable power portfolio for $9.4 million

Published by Uma Rajagopal

Posted on December 19, 2024

1 min read

· Last updated: January 28, 2026

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Fortum's renewable energy investment in Finland - Global Banking & Finance Review
The image illustrates Fortum's strategic acquisition of a renewable power portfolio from Enersense, enhancing Finland's wind energy projects with 2.6 GW capacity. This investment highlights Fortum's commitment to sustainable energy solutions.
sustainability portfolios renewable energy investment financial management
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COPENHAGEN (Reuters) – Finland’s Fortum said on Thursday it had agreed to buy a project development portfolio for renewable power from Finnish energy company Enersense for around 9 million euros ($9.37 million). The portfolio includes 2.6 gigawatt (GW) of early-stage onshore wind development projects in Finland, Fortum said in a statement. It said it expects […]

COPENHAGEN (Reuters) – Finland’s Fortum said on Thursday it had agreed to buy a project development portfolio for renewable power from Finnish energy company Enersense for around 9 million euros ($9.37 million).

The portfolio includes 2.6 gigawatt (GW) of early-stage onshore wind development projects in Finland, Fortum said in a statement.

It said it expects to close the deal in the first quarter of next year.

($1 = 0.9609 euros)

(Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik and Anna Ringstrom)

Frequently Asked Questions

What is renewable energy?
Renewable energy is energy derived from natural processes that are replenished constantly, such as solar, wind, and hydroelectric power. It is considered more sustainable than fossil fuels.
What is a portfolio in finance?
A portfolio is a collection of financial assets such as stocks, bonds, and other investments held by an individual or institution. It helps in diversifying risk and achieving financial goals.
What is onshore wind development?
Onshore wind development refers to the construction and operation of wind turbines on land to generate electricity. It is a key component of renewable energy strategies.
What is project development in energy?
Project development in energy involves the planning, financing, and execution of energy projects, including renewable energy installations like wind and solar farms.
What is the significance of investment in renewable energy?
Investment in renewable energy is crucial for reducing carbon emissions, combating climate change, and transitioning to a sustainable energy future. It also offers potential financial returns.

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