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October 11,2024

Vestas & Fortum Settle Arbitration Over Russian wind Projects

Danish wind turbine maker Vestas and Nordic energy company Fortum have settled their arbitration regarding Wind Energy Projects in Russia, ending disputes over past, present, and future claims. Both companies agreed to confidentiality, allowing them to focus on future collaborations. Fortum had sought over $218 million in compensation related to canceled contracts due to sanctions.

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