Fortum starts a 35 MW wind farm project in Russia


Fortum is starting a wind farm project in Ulyanovsk, Russia with a total
capacity of 35 MW. The value of the investment is approximately EUR 65 million.
The wind farm is expected to start production in 2017, serving the city of
Ulyanovsk, which is located 680 km south-east of Moscow and has 620,000

The wind farm is included in the Renewable Projects Competitive Selection,
administered by the Russian power market regulator. The goal of the government
programme is to increase renewable power generation in Russia by using Capacity
Supply Agreement (CSA) mechanism. The generation capacity under CSA receives
guaranteed payments for 15 years in order to ensure sufficient return on

"Low-emission production has been a key part of Fortum's strategy for a long
time. One of our key targets globally is to increase investments in renewables,
above all, hydro, solar and wind power, " says Alexander Chuvaev, Executive
Vice President for Fortum's Russia segment.

Fortum Corporation
Corporate Communications

Further information:

Helena Aatinen, Senior Vice President, Communications, Fortum, tel. +358 10 45
Denis Litoshik, Director, Corporate Communications and Public Relations, Russia
Division, tel. +7 (985) 383 52 61


Fortum’s purpose is to create energy that improves life for present and future
generations. Fortum’s expertise is in CO2-free and efficient electricity and
heat production. The company also offers energy-related products and expert
services to private and industrial customers and energy producers. Fortum’s
main areas of operation are the Nordic and the Baltic countries, Russia and
Poland. In 2014, the annual sales (excluding the divested electricity
distribution business) totalled EUR 4.1 billion, and comparable operating
profit was EUR 1.1 billion. The company employs approximately 8,000 people.
Fortum’s share is listed on Nasdaq Helsinki.