All articles tagged with #fortum
Google said it will invest at least €13 billion ($15.1 billion) through 2028 in Finland to expand AI infrastructure, including data centers and energy projects, its largest single investment in Europe. The deal includes a 22-year extension of Google’s power purchase agreement with Fortum, boosting Finland’s status as a key data-center hub and signaling growing AI infrastructure activity in the country.
Russia has taken temporary control of assets belonging to Finnish energy group Fortum and its former German subsidiary Uniper, raising concerns over the fate of other Western companies in Russia. The move comes as pressure grows to impose more sanctions on Moscow over Ukraine. Both companies have been trying to exit Russia, and the decree outlining possible retaliation if Russian assets abroad are seized shows Moscow has already taken action against Uniper's Russian division Unipro and Fortum's assets.
Russian President Vladimir Putin has signed a decree establishing temporary control of the Russian assets of two foreign energy firms, Uniper and Fortum, as a possible retaliation if Russian assets abroad are seized. The move comes in response to "unfriendly and contrary to international law" actions from the United States and others. The shares in the two entities have been placed in the temporary control of Rosimushchestvo, the federal government property agency. The agency said more foreign firms could find their assets under temporary Russian control, but the decree does not concern ownership issues and does not deprive owners of their assets.