Fortum buys stake in wave power startup
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- Category: Energía y Combustibles
- Published on Monday, 01 September 2014 12:51
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HELSINKI, Sept 1 (Reuters) - Finland's top utility, state-controlled Fortum, on Monday said it has acquired a 14 percent stake in Finnish wave energy developer Wello.
Wello has developed a floating vessel that captures energy from waves and converts it into electrical power with a generator, Fortum said.
It did not disclose the value of the deal. (Reporting By Jussi Rosendahl; Editing by Michael Urquhart)