Fortum Buys India Solar Plant, Plans More Investment

Fortum Oyj, Finland’s largest power utility, has bought a 5-megawatt solar power plant in India, where it plans further investments.

The company acquired a photovoltaic plant that was completed in northwestern Rajasthan state in February last year, Matti Kaarnakari, managing director of Fortum’s India unit, said today by phone. He declined to give the deal’s value or name the previous owner, citing confidentiality agreements.