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Fortum Sells Indian Renewable Arm to Hexa

Hindustan Times Gurugram

April 28, 2025

Finland's state-run energy utility Fortum Oyj is exiting India's renewable energy market by selling its platform Fortum India Pvt. Ltd (FIPL) to New York-based I Squared Capital-backed Hexa Climate Solutions in a deal that includes management company and carbon credits, two people in the know said.

- Utpal Bhaskar

NEW DELHI:

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