New alternative energy company to operate in Russia

The Russian Direct Investment Fund (RDIF) and Finnish company Fortum are to work together to develop alternative energy in Russia, creating a joint venture for investment in wind energy and the purchase of several fully-ready wind parks with a total capacity of more than 350 MW.

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Apple to create iCar

Korean automaker Hyundai Motor and U.S. computer and smart phone giant Apple plan to create an electric vehicle together, Reuters news agency reported, with plans for production to start in 2024.

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