FORTUM CORPORATION PRESS RELEASE 29 FEBRUARY 2016
Fortum has acquired a 75-megawatt (MW) windfarm project from the Swedish wind
power developer Arise AB (publ) group. The Solberg site is fully-permitted and
construction-ready. It is located in Västernorrland County in northern Sweden,
where conditions are very favourable for wind power production.
Arise will deliver construction management services to the project.
Construction is subject to Fortum's final investment decision. Fortum will not
disclose the value of the arrangement.
The project is aligned with Fortum's newly announced strategy according to
which the company targets significant growth in wind power. Growth is targeted
both organically, in development projects such as this, and through
Mikko Iso-Tryykäri, Manager, Business Development, tel. +358 50 453 2650
Fortum's vision is to be the forerunner in clean energy. We provide our
customers with electricity, heat and cooling as well as other energy solutions
that improve present and future life. Already 64% of our electricity generation
is CO2 free. Our main markets are the Nordic and the Baltic countries, Russia,
Poland and India. In 2015, we employed some 8,000 energy sector professionals,
and our sales were EUR 3.5 billion. Fortum's share is listed on Nasdaq