Table of Contents
Table of Contents 3
List of Tables 7
List of Figures 8
Fortum Corporation, Power, Deals By Year, 2011 to YTD 2017 9
Fortum Corporation, Power Deals By Type, 2011 to YTD 2017 10
Fortum Corporation, Power, Deals By Region, 2011 to YTD 2017 11
Fortum Corporation, Power, Deals By Sector, 2011 to YTD 2017 12
Fortum Corporation, Power, Deals Summary, 2011 to YTD 2017 13
Fortum Corporation, Power, Deal Details 17
Asset Purchase 17
Fortum to Acquire Electricity Retail Markets Business Area and Production business area of Hafslund 17
Fortum Acquires Three Wind Farms in Norway from Nordkraft 18
Fortum India Plans to Acquire Hydro Power Assets in India 19
Fortum To Acquire District Heat Operations Of Erakute In Estonia For US$9.2 Million 20
Fortum to Invest USD112.6 Million in Solberg Wind Power Plant in Vasternorrland County, Sweden 21
Fortum May Acquire Minority Stakes in Solar Power Plants in India from SunEdison 22
Fortum Generation Acquires Solberg Wind Farm in Sweden from Arise 23
Fortum to Invest USD71 Million in Wind Farm in Ulyanovsk, Russia 24
Fortum to Acquire Additional Interest in Hydro Power Portfolio of TGC-1 from Gazprom Energoholding 25
Fortum Acquires Solar Power Plant In India 26
Lietuvos Energijos And Fortum To Invest US$263.4 Million In Cogeneration Power Plant In Vilnius, Lithuania 27
Fortum Heat To Invest US$258.4 Million In Cogeneration Power Project In Kaunsas County, Lithuania 28
Fortum And Seabased To Build US$33 Million Wave Power Project In Sotenas, Sweden 29
Fortum To Build Two Biofuel-Fired CHP Plants In Finland And Latvia 30
Fortum Invests US$110 Million For Parnu Combined Heat And Power Plant, Estonia 31
Fortum Varme Completes Project Financing of USD70.5 Million for Refinancing of Stockholm Biomass Power Plant in Sweden 32
Fortum Varme Completes Project Financing of USD352.5 Million for Stockholm Biomass Power Plant in Sweden 33
Fortum Plans Project Financing Of US$300 Million For Solar Power Plant In Russia 34
Fortum Finnsurya Energy Receives a Grant of USD1.3 Million for Kapeli Solar Power Plant in Madhya Pradesh, India 35
Venture Financing 36
AW-Energy Raises US$9 Million In Venture Financing Round 36
Private Equity 37
EQT Infrastructure Completes Acquisition Of Fortum Energiaratkaisut And Fortum Termest For US$261 Million 37
Partnerships 38
Fortum to Form Joint Venture with Rusnano 38
Fortum Plans to Form Partnership with Jakarta Propertindo 39
Equity Offering 40
Fortum Invests USD5.5 Million in Exeger Sweden 40
Debt Offering 41
Fortum Completes Private Placement Of 2.75% Bonds Due 2018 For US$180 Million 41
Fortum Completes Private Placement Of Bonds Due 2018 For US$313 Million 42
Fortum Completes Public Offering Of 2.25% Bonds Due 2022 For US$1.25 Billion 43
Fortum Completes Private Placement Of Bonds Due 2017 For US$148.2 Million 44
Fortum Completes Private Placement Of 3.25% Bonds Due 2017 For US$259.4 Million 45
Fortum Completes Public Offering Of 4% Eurobonds Due 2021 For US$708.6 Million 46
Asset Transactions 47
Fortum May Sell its Stake in Solar Power Projects in India 47
RWE May Acquire Uniper’s Gas and Coal Fired Power Plants from Fortum 48
SIBUR Acquires Tobolsk Combined Heat and Power Plant in Tyumen Oblast, Russia from Fortum 49
Ineos Industries to Acquire Grangemouth CHP Plant in Scotland from Fortum for USD87.4 Million 50
Impax Asset Management Acquires Joukhaisselka Wind Farm In Finland From Fortum And Metsahallitus 51
Impax Asset Management Completes Acquisition Of Kuolavaara-Keulakkopaa Wind Farm In Finland From Fortum And Metsahallitus 52
Fortum Sells Kauttua Combined Heat And Power Plant To Adven 53
Stora Enso Acquires Enocell Pulp Mill’s Power Plant From Fortum Power For US$21.8 Million 54
Adven Acquires Kuusamo Combined Heat And Power Plant In Finland From Fortum 55
Fortum Plans To Sell Sweden Power Grid Business 56
Fortum Plans To Sell Norway Power Grid Distribution Business 57
Fortum To Sell Portfolio Of Hydro Power Plants To Orsa Besparingsskog 58
TSME To Acquire Stake In Fortum Heat Naantali From Fortum 59
Acquisition 60
Oslo Energi to Acquire Hafslund 60
Fortum Completes Acquisition of 81% Stake in Ekokem from Finland, Association of Finnish Local and Regional Authorities, Ilmarinen and Helsinki Region Environmental Services for USD525.3 Million 61
Fortum Acquires Grupa Duon in Tender Offer 63
Consortium Completes Acquisition of Fortum Distribution from Fortum for USD7.03 Billion 64
Fortum May Acquire 66% Stake in Slovenske elektrarne from Enel Produzione for USD3.23 Billion 65
Fortum Acquires 13.6% Interest in Wello, Manufacturer of Ocean Wave Energy Converters 66
iCON Infrastructure Completes Acquisition of Fortum fjernvarme from Fortum for USD192.7 Million 67
Hafslund Acquires Fortum Distribution from Fortum for USD275.3 Million 68
Hafslund To Acquire Fortum Power and Heat From Fortum For US$61 Million 69
Suomi Power Networks Completes Acquisition Of Fortum Espoo Distribution And Fortum Sahkonsiirto From Fortum For US$3.51 Billion 70
E.ON To Acquire Remaining 30% Interest In Karlshamns Kraft From Fortum 72
Fortum To Sell 50% Stake In Riihimaen Kaukolampo For US$15 Million 73
Jamtkraf Acquires 18.7% Interest in Dala Kraft 74
Fortum To Sell 24.5% Stake In Ishavskraft To Kraftlag, Ymber, Repvag Kraftlag, Luostejok Kraftlag, And Troms Kraft 75
Fortum Acquires Elektrocieplownia Zabrze And Zespol Elektrocieplowni 76
Fortum Corporation – Key Competitors 77
Fortum Corporation – Key Employees 78
Fortum Corporation – Locations And Subsidiaries 79
Head Office 79
Other Locations & Subsidiaries 79
Affiliate 83
Recent Developments 84
Oct 31, 2017: Fortum-RUSNANO wind investment fund to start implementation of first 50 MW project in Russia 84
Oct 25, 2017: Fortum wins award for sustainable expansion of district heating and cooling system 85
Oct 23, 2017: Fortum is committed to solar power in India 86
Sep 29, 2017: Fortum to start building the Sorfjord windfarm in Norway 87
Sep 29, 2017: Siemens Gamesa to supply 96.6MW turbines for onshore wind facility in Norway 88
Sep 22, 2017: Fortum’s annual outage 2017 at Loviisa nuclear power plant completed 89
Sep 20, 2017: Gujarat solar auction sees winning tariff of Rs 2.65/unit 90
Sep 11, 2017: Nordic electricity market affected by new technological developments, says Pöyry 91
Sep 08, 2017: Groundbreaking Arctic wind farm project inaugurated 93
Aug 24, 2017: Fortum installs fish passage facilities at Montta hydro-power plant 94
Aug 22, 2017: Fortum Foundation awarded scholarships totalling nearly 700,000 euros 95
Aug 17, 2017: Ingela Ulfves appointed as Vice President, Investor Relations and Financial Communications at Fortum 96
Aug 03, 2017: Annual outage 2017 to begin at Fortum’s Loviisa nuclear power plant 97
Aug 01, 2017: Leading Clean-Energy Company Selects M-Files to Manage Information and Automate Business Processes Associated with Power Plant Services 98
Jul 20, 2017: Fortum corporation half-year financial report january-june 2017. 99
Jul 14, 2017: New Swedish storage facility helps meet seasonal feedstock demand 107
Jul 03, 2017: Fortum received positive administrative court decision in Sweden on hydro production related real estate tax for the years 2009–2014 108
Jul 03, 2017: GE Renewable Energy and Fortum Sverige AB. sign Digital Hydro pilot agreement 109
Jun 30, 2017: Swedish Court of Appeal rules against Fortum in income tax case regarding the years 2009-2012 110
Jun 21, 2017: Fortum-RUSNANO wind investment fund chooses Vestas as wind turbine supplier in Russia 111
Jun 20, 2017: Three Nordic utilities propose mechanism to ensure policy coherence with the EU ETS 112
Jun 15, 2017: Fortum-RUSNANO wind investment fund has been awarded 1,000 MW wind capacity in Russian wind CSA auction 113
Jun 14, 2017: Fortum’s latest Energy Review: Electricity retail market must be developed towards a customer-centric model 114
May 30, 2017: A 450 MW applications for wind power projects submitted for RES tender – 2017 in Russia 115
Apr 27, 2017: Fortum January-March 2017 Interim Report: Improved results in a demanding market – Russian EBIT target reached 116
Apr 20, 2017: Fortum to develop Estonia’s first large-scale solar park 122
Apr 11, 2017: Fortum has published the restated comparison figures in accordance with the new organisational structure 123
Apr 07, 2017: Penguin wave energy starts generating electricity in UK 124
Apr 03, 2017: Fortum commissions 70MW solar project in India 125
Apr 03, 2017: Ekokem is now Fortum 126
Apr 03, 2017: Fortum to relocate head office to Keilalahdentie 2-4 127
Mar 30, 2017: City of Espoo and Fortum continue efforts towards making Espoo a low-carbon city 128
Mar 23, 2017: Climaveneta: Efficient heat waste recovery of a data center 129
Mar 20, 2017: Mikael Ronnblad appointed Executive Vice President, Consumer Solutions 130
Mar 16, 2017: KKJ to build Kaunas waste-to-energy power plant in Lithuania 131
Mar 13, 2017: Fortum, Futurice developing new concept for solar energy companies 132
Mar 06, 2017: Vestas to supply turbines for 50MW order in Norway 133
Mar 06, 2017: Fortum set to commence construction of Anstadblaheia wind farm in Norway 134
Mar 01, 2017: Fortum commissions 2MW battery at Jarvenpaa power plant in Finland 135
Feb 16, 2017: Fortum’s Operating and Financial Review and Financial Statements 2016 published 136
Feb 08, 2017: Changes in Fortum’s Executive Management and organisation structure 138
Feb 07, 2017: STUK approves periodic safety assessment of Fortum’s Loviisa power plant 139
Feb 02, 2017: Fortum 2016 Financial Statement Bulletin 140
Jan 23, 2017: Change of Fortum Corporation’s trading and issuer codes 143
Jan 23, 2017: Fortum changes trading and issuer codes 144
Jan 20, 2017: Fortum and Bonava to develop solutions for smart living 145
Jan 10, 2017: Amec Foster Wheeler to work on simulator to validate ITER reactor and train operators 146
Jan 03, 2017: A successful and safe production year 2016 at Fortum’s Loviisa nuclear power plant – electricity generation capacity increased by 12 MW 147
Dec 21, 2016: Fortum amended the structure of its long-term incentive, for key employees and executives, in order to better support enforcement of strategy 148
Dec 16, 2016: Fortum is looking into possible cooperation to construct waste-to-energy plant in Indonesia 149
Dec 02, 2016: Fortum will appeal Swedish tax authority decision on additional tax for 2014 150
Dec 01, 2016: Fortum invests in breakthrough solar technology manufacturer Exeger 151
Nov 30, 2016: The favourable decision granted to Fortum on Belgian financing company taxation remains in force 152
Nov 24, 2016: Rusnano, Fortum sign deal to develop wind projects in Russia 153
Nov 21, 2016: Fortum and Ericsson sign collaboration agreement on utilising data centre’s waste heat for district heating 154
Nov 16, 2016: Fortum announces growth strategy for first phase of 2016-2017 155
Oct 26, 2016: Fortum receives high rating by CDP for climate actions 156
Oct 25, 2016: Fortum Interim Report January-September 2016: Low hydro production volumes affected seasonally weak quarter 157
Oct 24, 2016: Fortum uses Sonera’s new data center waste heat for district heating 165
Oct 20, 2016: Fortum and Taaleri invest in Chempolis 166
Oct 18, 2016: Fortum’s Chelyabinsk GRES inaugurated in Russia – multi-year investment programme completed 167
Oct 11, 2016: Fortum’s annual outage 2016 at Loviisa nuclear power plant completed 168
Aug 17, 2016: Fortum to operate and maintain Tees Renewable Energy plant in UK 169
Aug 05, 2016: Annual outage 2016 to begin at Fortum’s Loviisa nuclear power plant 170
Jul 20, 2016: Fortum Interim Report January-June 2016 171
Jul 03, 2016: Fortum looks to spend in greenfield solar energy projects in India 184
Jun 17, 2016: Fortum signs a new EUR 1.75 billion revolving loan facility 185
Jun 14, 2016: Cornerstone laid at Fortum’s new combined heat and power plant in Zabrze, Poland 186
Jun 14, 2016: Construction of CHP Zabrze started 187
May 20, 2016: Three Nordic utilities call for action to strengthen the EU carbon market 188
May 16, 2016: Finnish Administrative Court confirms the favourable decision granted to Fortum on Belgian financing company taxation 189
Apr 29, 2016: Fortum to appeal income tax decisions made by the Swedish Administrative Court regarding years 2009–2012 190
Apr 28, 2016: Fortum Interim Report January-March 2016: Satisfactory results, considering continuously weak power prices 191
Apr 26, 2016: Saft to deliver Li-ion battery system for electricity storage pilot project in Nordic countries 195
Apr 22, 2016: Fortum continues its virtual power plant experiment with the launch of the biggest Nordic electricity storage pilot project 196
Apr 19, 2016: Fortum calls for EU-level sustainability criteria and phase out of subsidies for biomass 197
Apr 15, 2016: Fortum to start building the Solberg windfarm in Sweden 198
Apr 12, 2016: Fortum’s targets and next steps in solar 199
Apr 05, 2016: Fortum Corporation’s Board Committees 2016 200
Mar 09, 2016: Fortum and a group of households participate together in the balancing power market in an virtual power plant experiment first of its kind 201
Mar 02, 2016: Fortum receives letter of intent for 70MW solar PV project in India 202
Mar 01, 2016: Fortum completes its multi-year investment programme in Russia – Chelyabinsk GRES unit 2 commissioned 203
Feb 22, 2016: Valmet and Fortum: uniform EU-level sustainability criteria for bioenergy 204
Feb 19, 2016: Fortum to reorganise its business structure as of 1 April 2016 205
Feb 17, 2016: Solidification plant for Fortum’s Loviisa power plant’s liquid radioactive waste starts operation 208
Feb 12, 2016: Fortum’s new bio-fuelled CHP plant in Stockholm in final testing phase before commissioning 209
Feb 03, 2016: Fortum targets to lower the fixed cost base of current operations by EUR 100 million 210
Feb 03, 2016: Low electricity prices and write-downs burdened continuing results – Dividend proposal EUR 1.10 per share 211
Feb 03, 2016: Fortum’s new vision and strategic cornerstones; updated financial targets 215
Jan 20, 2016: Fortum’s fourth quarter net profit will be impacted negatively by approx. EUR 185 million due to one-time impairments and provisions as well as fair value changes in derivatives 217
Jan 04, 2016: A good and safe production year 2015 at Fortum’s Loviisa nuclear power plant – sizeable investment programme progressed as planned 218
Appendix 219
Methodology 219
About GlobalData 219
Contact Us 219
Disclaimer 219
Fortum Corporation, Power, Key Facts, 2016 2
Fortum Corporation, Power, Deals Summary, 2011 to YTD 2017 2
Fortum Corporation, Power, Deals By Year, 2011 to YTD 2017 9
Fortum Corporation, Power Deals By Type, 2011 to YTD 2017 10
Fortum Corporation, Power, Deals By Region, 2011 to YTD 2017 11
Fortum Corporation, Deals By Sector, 2011 to YTD 2017 12
Fortum Corporation, Power, Deals Summary, 2011 to YTD 2017 13
Fortum to Acquire Electricity Retail Markets Business Area and Production business area of Hafslund 17
Fortum Acquires Three Wind Farms in Norway from Nordkraft 18
Fortum India Plans to Acquire Hydro Power Assets in India 19
Fortum To Acquire District Heat Operations Of Erakute In Estonia For US$9.2 Million 20
Fortum to Invest USD112.6 Million in Solberg Wind Power Plant in Vasternorrland County, Sweden 21
Fortum May Acquire Minority Stakes in Solar Power Plants in India from SunEdison 22
Fortum Generation Acquires Solberg Wind Farm in Sweden from Arise 23
Fortum to Invest USD71 Million in Wind Farm in Ulyanovsk, Russia 24
Fortum to Acquire Additional Interest in Hydro Power Portfolio of TGC-1 from Gazprom Energoholding 25
Fortum Acquires Solar Power Plant In India 26
Lietuvos Energijos And Fortum To Invest US$263.4 Million In Cogeneration Power Plant In Vilnius, Lithuania 27
Fortum Heat To Invest US$258.4 Million In Cogeneration Power Project In Kaunsas County, Lithuania 28
Fortum And Seabased To Build US$33 Million Wave Power Project In Sotenas, Sweden 29
Fortum To Build Two Biofuel-Fired CHP Plants In Finland And Latvia 30
Fortum Invests US$110 Million For Parnu Combined Heat And Power Plant, Estonia 31
Fortum Varme Completes Project Financing of USD70.5 Million for Refinancing of Stockholm Biomass Power Plant in Sweden 32
Fortum Varme Completes Project Financing of USD352.5 Million for Stockholm Biomass Power Plant in Sweden 33
Fortum Plans Project Financing Of US$300 Million For Solar Power Plant In Russia 34
Fortum Finnsurya Energy Receives a Grant of USD1.3 Million for Kapeli Solar Power Plant in Madhya Pradesh, India 35
AW-Energy Raises US$9 Million In Venture Financing Round 36
EQT Infrastructure Completes Acquisition Of Fortum Energiaratkaisut And Fortum Termest For US$261 Million 37
Fortum to Form Joint Venture with Rusnano 38
Fortum Plans to Form Partnership with Jakarta Propertindo 39
Fortum Invests USD5.5 Million in Exeger Sweden 40
Fortum Completes Private Placement Of 2.75% Bonds Due 2018 For US$180 Million 41
Fortum Completes Private Placement Of Bonds Due 2018 For US$313 Million 42
Fortum Completes Public Offering Of 2.25% Bonds Due 2022 For US$1.25 Billion 43
Fortum Completes Private Placement Of Bonds Due 2017 For US$148.2 Million 44
Fortum Completes Private Placement Of 3.25% Bonds Due 2017 For US$259.4 Million 45
Fortum Completes Public Offering Of 4% Eurobonds Due 2021 For US$708.6 Million 46
Fortum May Sell its Stake in Solar Power Projects in India 47
RWE May Acquire Uniper’s Gas and Coal Fired Power Plants from Fortum 48
SIBUR Acquires Tobolsk Combined Heat and Power Plant in Tyumen Oblast, Russia from Fortum 49
Ineos Industries to Acquire Grangemouth CHP Plant in Scotland from Fortum for USD87.4 Million 50
Impax Asset Management Acquires Joukhaisselka Wind Farm In Finland From Fortum And Metsahallitus 51
Impax Asset Management Completes Acquisition Of Kuolavaara-Keulakkopaa Wind Farm In Finland From Fortum And Metsahallitus 52
Fortum Sells Kauttua Combined Heat And Power Plant To Adven 53
Stora Enso Acquires Enocell Pulp Mill's Power Plant From Fortum Power For US$21.8 Million 54
Adven Acquires Kuusamo Combined Heat And Power Plant In Finland From Fortum 55
Fortum Plans To Sell Sweden Power Grid Business 56
Fortum Plans To Sell Norway Power Grid Distribution Business 57
Fortum To Sell Portfolio Of Hydro Power Plants To Orsa Besparingsskog 58
TSME To Acquire Stake In Fortum Heat Naantali From Fortum 59
Oslo Energi to Acquire Hafslund 60
Fortum Completes Acquisition of 81% Stake in Ekokem from Finland, Association of Finnish Local and Regional Authorities, Ilmarinen and Helsinki Region Environmental Services for USD525.3 Million 61
Fortum Acquires Grupa Duon in Tender Offer 63
Consortium Completes Acquisition of Fortum Distribution from Fortum for USD7.03 Billion 64
Fortum May Acquire 66% Stake in Slovenske elektrarne from Enel Produzione for USD3.23 Billion 65
Fortum Acquires 13.6% Interest in Wello, Manufacturer of Ocean Wave Energy Converters 66
iCON Infrastructure Completes Acquisition of Fortum fjernvarme from Fortum for USD192.7 Million 67
Hafslund Acquires Fortum Distribution from Fortum for USD275.3 Million 68
Hafslund To Acquire Fortum Power and Heat From Fortum For US$61 Million 69
Suomi Power Networks Completes Acquisition Of Fortum Espoo Distribution And Fortum Sahkonsiirto From Fortum For US$3.51 Billion 70
E.ON To Acquire Remaining 30% Interest In Karlshamns Kraft From Fortum 72
Fortum To Sell 50% Stake In Riihimaen Kaukolampo For US$15 Million 73
Jamtkraf Acquires 18.7% Interest in Dala Kraft 74
Fortum To Sell 24.5% Stake In Ishavskraft To Kraftlag, Ymber, Repvag Kraftlag, Luostejok Kraftlag, And Troms Kraft 75
Fortum Acquires Elektrocieplownia Zabrze And Zespol Elektrocieplowni 76
Fortum Corporation, Key Competitors 77
Fortum Corporation, Key Employees 78
Fortum Corporation, Other Locations 79
Fortum Corporation, Subsidiaries 80
Fortum Corporation, Affiliate 83
