Table of Contents
Table of Contents 3
List of Tables 7
List of Figures 8
Fortum Corporation, Power, Deals By Year, 2012 to YTD 2018 9
Fortum Corporation, Power Deals By Type, 2012 to YTD 2018 10
Fortum Corporation, Power, Deals By Region, 2012 to YTD 2018 11
Fortum Corporation, Power, Deals By Sector, 2012 to YTD 2018 12
Fortum Corporation, Power, Deals Summary, 2012 to YTD 2018 13
Fortum Corporation, Power, Deal Details 16
Asset Purchase 16
Fortum to Acquire Three Solar Projects in Russia from Hevel 16
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 to Invest USD71 Million in Wind Farm in Ulyanovsk, Russia 23
Fortum Acquires Solar Power Plant In India 24
Fortum Heat To Invest US$258.4 Million In Cogeneration Power Project In Kaunsas County, Lithuania 25
Fortum Plans Project Financing Of US$300 Million For Solar Power Plant In Russia 26
Fortum Finnsurya Energy Receives a Grant of USD1.3 Million for Kapeli Solar Power Plant in Madhya Pradesh, India 27
Venture Financing 28
AW-Energy Raises US$9 Million In Venture Financing Round 28
Private Equity 29
EQT Infrastructure Completes Acquisition Of Fortum Energiaratkaisut And Fortum Termest For US$261 Million 29
Partnerships 30
Fortum Forms Partnership with Cyclife Sweden 30
Fortum Forms Joint Venture with Numaligarh Refinery and Chempolis 31
Fortum Forms Joint Venture with Rusnano 32
Fortum Plans to Form Partnership with Jakarta Propertindo 33
Equity Offering 34
Fortum Invests USD5.5 Million in Exeger Sweden 34
Debt Offering 35
Fortum Completes Private Placement Of Bonds Due 2018 For US$313 Million 35
Fortum Completes Private Placement Of 2.75% Bonds Due 2018 For US$180 Million 36
Fortum Completes Public Offering Of 2.25% Bonds Due 2022 For US$1.25 Billion 37
Fortum Completes Private Placement Of 3.25% Bonds Due 2017 For US$259.4 Million 38
Fortum Completes Private Placement Of Bonds Due 2017 For US$148.2 Million 39
Asset Transactions 40
RWE May Acquire Uniper’s Gas and Coal Fired Power Plants from Fortum 40
SIBUR Acquires Tobolsk Combined Heat and Power Plant in Tyumen Oblast, Russia from Fortum 41
Ineos Industries to Acquire Grangemouth CHP Plant in Scotland from Fortum for USD87.4 Million 42
Impax Asset Management Acquires Joukhaisselka Wind Farm In Finland From Fortum And Metsahallitus 43
Impax Asset Management Completes Acquisition Of Kuolavaara-Keulakkopaa Wind Farm In Finland From Fortum And Metsahallitus 44
Fortum Sells Kauttua Combined Heat And Power Plant To Adven 45
Stora Enso Acquires Enocell Pulp Mill’s Power Plant From Fortum Power For US$21.8 Million 46
Adven Acquires Kuusamo Combined Heat And Power Plant In Finland From Fortum 47
Fortum Plans To Sell Sweden Power Grid Business 48
Fortum Plans To Sell Norway Power Grid Distribution Business 49
Fortum To Sell Portfolio Of Hydro Power Plants To Orsa Besparingsskog 50
TSME To Acquire Stake In Fortum Heat Naantali From Fortum 51
Acquisition 52
Fortum Completes Acquisition of 47.35% Stake in Uniper for USD4.39 Billion in Public Tender Offer 52
Svartisen to Acquire 10% Stake in Hafslund Produksjon from Fortum for USD188.3 Million 54
Fortum Acquires 10% Stake in Seabased 55
Oslo Energi to Acquire Hafslund 56
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 57
Fortum Acquires Grupa Duon in Tender Offer 59
Consortium Completes Acquisition of Fortum Distribution from Fortum for USD7.03 Billion 60
Fortum May Acquire 66% Stake in Slovenske elektrarne from Enel Produzione for USD3.23 Billion 61
Fortum Acquires 13.6% Interest in Wello, Manufacturer of Ocean Wave Energy Converters 62
iCON Infrastructure Completes Acquisition of Fortum fjernvarme from Fortum for USD192.7 Million 63
Hafslund Acquires Fortum Distribution from Fortum for USD275.3 Million 64
Hafslund To Acquire Fortum Power and Heat From Fortum For US$61 Million 65
Suomi Power Networks Completes Acquisition Of Fortum Espoo Distribution And Fortum Sahkonsiirto From Fortum For US$3.51 Billion 66
E.ON To Acquire Remaining 30% Interest In Karlshamns Kraft From Fortum 68
Fortum To Sell 50% Stake In Riihimaen Kaukolampo For US$15 Million 69
Jamtkraf Acquires 18.7% Interest in Dala Kraft 70
Fortum Corporation – Key Competitors 71
Fortum Corporation – Key Employees 72
Fortum Corporation – Locations And Subsidiaries 73
Head Office 73
Other Locations & Subsidiaries 73
Affiliate 76
Recent Developments 77
Jul 11, 2018: Fortum and Svenska Kraftnat successfully tested the suitability of electricity redundancy system for rapid adjustment of the electricity system 77
Jun 28, 2018: Finland’s Fortum bets on fledgling Russian wind power market 78
Jun 13, 2018: Fortum has won the right to build CSA-supported solar and wind capacity in Russia 79
Jun 06, 2018: Fortum offers Elenia an electricity battery pack service 80
May 30, 2018: Fortum collaborates with Clean Motion to accelerate electrification of three-wheelers in India 81
May 29, 2018: Fortum to provide environmental performance technology to power plant in Edenderry, Ireland 82
May 25, 2018: Fortum and Cyclife start a partnership in nuclear decommissioning services 83
May 07, 2018: Fortum partners with Fluxio and Solteq to develop innovative energy-efficient comfortable living 84
Apr 26, 2018: Fortum’s Interim Report January-March 2018: Favourable market conditions – strong result improvement in the Generation segment 85
Apr 16, 2018: Fortum wins contract to supply the biggest solar electricity system in Nordic history 86
Mar 21, 2018: Fortum signs a significant wind power purchase and balance service agreement with Taaleri 87
Mar 20, 2018: Taaleri Energia signs wind power agreement with Fortum 88
Feb 14, 2018: Fortum to recycle scrap metal from Inkoo demolition site on export markets 89
Feb 02, 2018: Fortum’s Financial Statements Bulletin 2017: Strong results and efficient strategy implementation – Proposed dividend unchanged at EUR 1.10 90
Jan 29, 2018: The City of Espoo and Fortum introduce solutions for an emission-free city: Carbon-free district heat and smart heating solutions 97
Jan 22, 2018: A thousand Fortum customers homes form a one-megawatt virtual battery 98
Jan 19, 2018: Fortum, Futurice and Boond start the first Solar2Go pilot project in India 99
Jan 18, 2018: Ericsson’s data centre and Fortum to collaborate in demand response 100
Jan 12, 2018: Fortum adds 35 MW of wind power to the Russian power market 101
Jan 08, 2018: Fortum to provide turbine and generator services for BIR Avfallsenergi AS in Bergen, Norway 102
Jan 03, 2018: A record production year 2017 at Fortum’s Loviisa nuclear power plant 103
Dec 18, 2017: Svenska kraftnat chooses Spring by Fortum for pilot project 104
Dec 07, 2017: Semcon Wins Contract With Fortum 105
Dec 01, 2017: Fortum-RUSNANO wind investment fund to start cooperation in Rostov Region in Russia 106
Nov 23, 2017: Fortum starts commercial operation of Chelyabinsk GRES unit 3 107
Oct 31, 2017: Fortum-RUSNANO wind investment fund to start implementation of first 50 MW project in Russia 108
Oct 25, 2017: Fortum wins award for sustainable expansion of district heating and cooling system 109
Oct 23, 2017: Fortum is committed to solar power in India 110
Sep 29, 2017: Fortum to start building the Sorfjord windfarm in Norway 111
Sep 29, 2017: Siemens Gamesa to supply 96.6MW turbines for onshore wind facility in Norway 112
Sep 22, 2017: Fortum’s annual outage 2017 at Loviisa nuclear power plant completed 113
Sep 20, 2017: Gujarat solar auction sees winning tariff of Rs 2.65/unit 114
Sep 11, 2017: Nordic electricity market affected by new technological developments, says Pöyry 115
Sep 08, 2017: Groundbreaking Arctic wind farm project inaugurated 117
Aug 24, 2017: Fortum installs fish passage facilities at Montta hydro-power plant 118
Aug 22, 2017: Fortum Foundation awarded scholarships totalling nearly 700,000 euros 119
Aug 17, 2017: Ingela Ulfves appointed as Vice President, Investor Relations and Financial Communications at Fortum 120
Aug 03, 2017: Annual outage 2017 to begin at Fortum’s Loviisa nuclear power plant 121
Aug 01, 2017: Leading Clean-Energy Company Selects M-Files to Manage Information and Automate Business Processes Associated with Power Plant Services 122
Jul 20, 2017: Fortum corporation half-year financial report january-june 2017. 123
Jul 14, 2017: New Swedish storage facility helps meet seasonal feedstock demand 131
Jul 03, 2017: Fortum received positive administrative court decision in Sweden on hydro production related real estate tax for the years 2009–2014 132
Jul 03, 2017: GE Renewable Energy and Fortum Sverige AB. sign Digital Hydro pilot agreement 133
Jun 30, 2017: Swedish Court of Appeal rules against Fortum in income tax case regarding the years 2009-2012 134
Jun 21, 2017: Fortum-RUSNANO wind investment fund chooses Vestas as wind turbine supplier in Russia 135
Jun 20, 2017: Three Nordic utilities propose mechanism to ensure policy coherence with the EU ETS 136
Jun 15, 2017: Fortum-RUSNANO wind investment fund has been awarded 1,000 MW wind capacity in Russian wind CSA auction 137
Jun 14, 2017: Fortum’s latest Energy Review: Electricity retail market must be developed towards a customer-centric model 138
May 30, 2017: A 450 MW applications for wind power projects submitted for RES tender – 2017 in Russia 139
Apr 27, 2017: Fortum January-March 2017 Interim Report: Improved results in a demanding market – Russian EBIT target reached 140
Apr 20, 2017: Fortum to develop Estonia’s first large-scale solar park 146
Apr 11, 2017: Fortum has published the restated comparison figures in accordance with the new organisational structure 147
Apr 07, 2017: Penguin wave energy starts generating electricity in UK 148
Apr 03, 2017: Fortum commissions 70MW solar project in India 149
Apr 03, 2017: Ekokem is now Fortum 150
Apr 03, 2017: Fortum to relocate head office to Keilalahdentie 2-4 151
Mar 30, 2017: City of Espoo and Fortum continue efforts towards making Espoo a low-carbon city 152
Mar 23, 2017: Climaveneta: Efficient heat waste recovery of a data center 153
Mar 20, 2017: Mikael Ronnblad appointed Executive Vice President, Consumer Solutions 154
Mar 16, 2017: KKJ to build Kaunas waste-to-energy power plant in Lithuania 155
Mar 13, 2017: Fortum, Futurice developing new concept for solar energy companies 156
Mar 06, 2017: Vestas to supply turbines for 50MW order in Norway 157
Mar 06, 2017: Fortum set to commence construction of Anstadblaheia wind farm in Norway 158
Mar 01, 2017: Fortum commissions 2MW battery at Jarvenpaa power plant in Finland 159
Feb 16, 2017: Fortum’s Operating and Financial Review and Financial Statements 2016 published 160
Feb 08, 2017: Changes in Fortum’s Executive Management and organisation structure 162
Feb 07, 2017: STUK approves periodic safety assessment of Fortum’s Loviisa power plant 163
Feb 02, 2017: Fortum 2016 Financial Statement Bulletin 164
Jan 23, 2017: Change of Fortum Corporation’s trading and issuer codes 167
Jan 23, 2017: Fortum changes trading and issuer codes 168
Jan 20, 2017: Fortum and Bonava to develop solutions for smart living 169
Jan 10, 2017: Amec Foster Wheeler to work on simulator to validate ITER reactor and train operators 170
Jan 03, 2017: A successful and safe production year 2016 at Fortum’s Loviisa nuclear power plant – electricity generation capacity increased by 12 MW 171
Appendix 172
Methodology 172
About GlobalData 172
Contact Us 172
Disclaimer 172
Fortum Corporation, Power, Key Facts, 2017 2
Fortum Corporation, Power, Deals Summary, 2012 to YTD 2018 2
Fortum Corporation, Power, Deals By Year, 2012 to YTD 2018 9
Fortum Corporation, Power Deals By Type, 2012 to YTD 2018 10
Fortum Corporation, Power, Deals By Region, 2012 to YTD 2018 11
Fortum Corporation, Deals By Sector, 2012 to YTD 2018 12
Fortum Corporation, Power, Deals Summary, 2012 to YTD 2018 13
Fortum to Acquire Three Solar Projects in Russia from Hevel 16
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 to Invest USD71 Million in Wind Farm in Ulyanovsk, Russia 23
Fortum Acquires Solar Power Plant In India 24
Fortum Heat To Invest US$258.4 Million In Cogeneration Power Project In Kaunsas County, Lithuania 25
Fortum Plans Project Financing Of US$300 Million For Solar Power Plant In Russia 26
Fortum Finnsurya Energy Receives a Grant of USD1.3 Million for Kapeli Solar Power Plant in Madhya Pradesh, India 27
AW-Energy Raises US$9 Million In Venture Financing Round 28
EQT Infrastructure Completes Acquisition Of Fortum Energiaratkaisut And Fortum Termest For US$261 Million 29
Fortum Forms Partnership with Cyclife Sweden 30
Fortum Forms Joint Venture with Numaligarh Refinery and Chempolis 31
Fortum Forms Joint Venture with Rusnano 32
Fortum Plans to Form Partnership with Jakarta Propertindo 33
Fortum Invests USD5.5 Million in Exeger Sweden 34
Fortum Completes Private Placement Of Bonds Due 2018 For US$313 Million 35
Fortum Completes Private Placement Of 2.75% Bonds Due 2018 For US$180 Million 36
Fortum Completes Public Offering Of 2.25% Bonds Due 2022 For US$1.25 Billion 37
Fortum Completes Private Placement Of 3.25% Bonds Due 2017 For US$259.4 Million 38
Fortum Completes Private Placement Of Bonds Due 2017 For US$148.2 Million 39
RWE May Acquire Uniper’s Gas and Coal Fired Power Plants from Fortum 40
SIBUR Acquires Tobolsk Combined Heat and Power Plant in Tyumen Oblast, Russia from Fortum 41
Ineos Industries to Acquire Grangemouth CHP Plant in Scotland from Fortum for USD87.4 Million 42
Impax Asset Management Acquires Joukhaisselka Wind Farm In Finland From Fortum And Metsahallitus 43
Impax Asset Management Completes Acquisition Of Kuolavaara-Keulakkopaa Wind Farm In Finland From Fortum And Metsahallitus 44
Fortum Sells Kauttua Combined Heat And Power Plant To Adven 45
Stora Enso Acquires Enocell Pulp Mill's Power Plant From Fortum Power For US$21.8 Million 46
Adven Acquires Kuusamo Combined Heat And Power Plant In Finland From Fortum 47
Fortum Plans To Sell Sweden Power Grid Business 48
Fortum Plans To Sell Norway Power Grid Distribution Business 49
Fortum To Sell Portfolio Of Hydro Power Plants To Orsa Besparingsskog 50
TSME To Acquire Stake In Fortum Heat Naantali From Fortum 51
Fortum Completes Acquisition of 47.35% Stake in Uniper for USD4.39 Billion in Public Tender Offer 52
Svartisen to Acquire 10% Stake in Hafslund Produksjon from Fortum for USD188.3 Million 54
Fortum Acquires 10% Stake in Seabased 55
Oslo Energi to Acquire Hafslund 56
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 57
Fortum Acquires Grupa Duon in Tender Offer 59
Consortium Completes Acquisition of Fortum Distribution from Fortum for USD7.03 Billion 60
Fortum May Acquire 66% Stake in Slovenske elektrarne from Enel Produzione for USD3.23 Billion 61
Fortum Acquires 13.6% Interest in Wello, Manufacturer of Ocean Wave Energy Converters 62
iCON Infrastructure Completes Acquisition of Fortum fjernvarme from Fortum for USD192.7 Million 63
Hafslund Acquires Fortum Distribution from Fortum for USD275.3 Million 64
Hafslund To Acquire Fortum Power and Heat From Fortum For US$61 Million 65
Suomi Power Networks Completes Acquisition Of Fortum Espoo Distribution And Fortum Sahkonsiirto From Fortum For US$3.51 Billion 66
E.ON To Acquire Remaining 30% Interest In Karlshamns Kraft From Fortum 68
Fortum To Sell 50% Stake In Riihimaen Kaukolampo For US$15 Million 69
Jamtkraf Acquires 18.7% Interest in Dala Kraft 70
Fortum Corporation, Key Competitors 71
Fortum Corporation, Key Employees 72
Fortum Corporation, Other Locations 73
Fortum Corporation, Subsidiaries 74
Fortum Corporation, Affiliate 76
List of Figures
Fortum Corporation, Power, Deals by Type, 2012 to YTD 2018 2
Fortum Corporation, Power, Deals By Year, 2012 to YTD 2018 2
Fortum Corporation, Power, Deals By Region, 2012 to YTD 2018 2
Fortum Corporation, Power, Deals By Sector, 2012 to YTD 2018 2
Fortum Corporation, Power, Deals By Year, 2012 to YTD 2018 9
Fortum Corporation, Power, Deals by Type, 2012 to YTD 2018 10
Fortum Corporation, Power, Deals By Region, 2012 to YTD 2018 11
Fortum Corporation, Power, Deals by Sector, 2012 to YTD 2018 12
