27/4/2025, 9:37:02 pm

Fortum exits India renewables market with sale to I Squared's Hexa Climate

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 aware of the development said.