Fortum and Skanska in co-operation around sustainable cities of the future

Fortum Corporation
Press release
26 May 2009

Fortum and Skanska in co-operation around sustainable cities of the future

Fortum and Skanska have launched a joint project to pilot energy solutions for
sustainable cities of the future. Fortum equips one of Skanska's residential
buildings in Kungsholmen, Stockholm, with electricity-generating solar panels
that can be used to recharge the residents' electric car. Project is first of
its kind.

The 16 storey building will have 35 square meter solar panels - generating about
3,500 kilowatt-hours of electricity annually - installed on its roof. The
electricity will be used to provide lighting in the stairwell and for recharging
the electric car that is in the residents' disposal via a car pool. A display
where the residents can check among other things how much electricity is being
produced and for how long the car has been charged will be placed at the
entrance of the building. The system is expected to be ready for use in October.

In the future, instead of only consuming energy, households are increasingly
expected to also produce it - for example with solar panels and small-scale wind
power units - and to feed the excess electricity to the network.

“With this cooperation, we can show a way toward a future where renewable energy
production, electric cars and charging posts are a natural part of our living
environment. Small-scale energy production and new technology will open up new
possibilities for us and our clients alike, and help us build sustainable cities
of the future,” says Marie Fossum, Head of Business Development at Fortum
Distribution.

The project "Lindhagensterrassen 3" is the first step to meet the growing need
of small scale energy production and part of Fortum's and Skanska's joint
project ‘Sustainable Urban Living'. The project aims to create a concept for
urban areas where the energy consumption of buildings will be very low or even
net-zero.

”Skanska is determined to be the world's leading project developer and
contractor in environmental efficiency. Now we have a possibility to test and
demonstrate in full scale the solutions of the future in the middle of central
Stockholm. It is an excellent step on the road to a more sustainable society,"
says Johanna Eriksson, environmental specialist, Skanska Nya Hem.

Skanska and Fortum are investigating the possibility to initiate a similar
project in Finland.

Fortum Corporation
Corporate Communications

Additional information:

Marie Fossum, Head of business development, Fortum Distribution,
tel. +46 8 671 86 51

Johanna Eriksson, environmental specialist, Skanska Nya Hem,
tel. + 46 10 448 13 56