Finland’s Fortum plans solar power expansion in India

Finnish state-controlled utility Fortum (FUM1V.HE) on Tuesday said it was planning to invest 200-400 million euros ($228-456 million) in solar power projects in India.

"Some large-scale greenfield development will be targeted to enable economies of scale. In addition, the company will consider seeking possible partnerships or other forms of cooperation," Fortum said in a statement.