Fortum in Finland

Fortum is a leading energy company in Finland. In Finland, we focus on the production of energy, electricity sales, district heating and cooling, and smart solutions for the future. Energy companies and energy-intensive industries turn to us for our energy production-related expert services. Fortum employs around 2,400 people in Finland, and its headquarters is located in Espoo.

leppikoski hydropower plant

Energy production


Fortum has, in total, 33 owned or co-owned hydropower plants in Finland with a power generation capacity of 4,653 MW (2022). Our fully owned hydropower plants are located in the Oulujoki River system (eleven hydropower plants) and in the Vuoksi River system (two hydropower plants). In addition, Fortum has 20 co-owned hydropower plants together with Kemijoki Oy.

Read more about our hydropower

Read more about our environmental approach within hydropower

Nuclear power

Fortum owns a nuclear power plant in Loviisa. Fortum’s Loviisa Unit 1 was taken into commercial use in 1977. Unit 2 followed in 1980. In 2022, the annual production totalled 7.9 TWh, i.e., approx. 10% of Finland’s electricity production.

Read more about Fortum’s Loviisa nuclear power plant

In the spring of 2023, the Finnish Government granted a new operating license for both units at Fortum’s Loviisa nuclear power plant until the end of 2050. During the spring, the Finnish Government also granted Fortum a licence to operate the final disposal facility for low- and intermediate-level radioactive waste, located in the Loviisa power plant area, until the end of 2090.

Fortum is also a co-owner of the Olkiluoto, Oskarsham and Forsmark nuclear power plants.

Read more about our nuclear power

Wind power

Fortum co-owns the Kalax wind farm, which has been in operation since 2020. Kalax wind farm’s total capacity is 90 MW, and its annual production exceeds 0.3 TWh. Energy Infrastructure Partners (EIP) and Fortum jointly own the wind farm. 70% of the renewable wind power it produces is sold directly to the Finnish energy company Neste through a long-term agreement.

Read more about Kalax wind farm

Fortum also has wind farms under construction in the Pjelax-Böle and Kristinestad Norr areas. Construction of the wind farms started in January 2022, and the wind farms are expected to be operational by the second quarter of 2024 at the latest.

We are also planning a wind power project in the Katajamäki project area in Kajaani. The planning work for this project is still ongoing.

Read more about wind power

District heating and cooling

Fortum produces district heating and cooling and sells it to its industrial and private customers. Fortum has combined heat and power (CHP) plants in Espoo and Riihimäki. Fortum and the City of Espoo have committed to carbon-neutral district heating production in the district heating network operating in the Espoo, Kauniainen and Kirkkonummi areas during the 2020s. The intermediate goal is to phase out coal during 2025. This carbon neutrality project is called Espoo Clean Heat.

Read more about clean heat in Finland

Fortum also has a partly-owned CHP plant in Naantali.

The company is also developing new sources of heat production methods like open district heating, where customer-produced heat is used in district heating (e.g., data centres).

Consumer Solutions business

In our Consumer Solutions business, we provide electricity, Charge & Drive e-mobility solutions, as well as related and digital services for consumers and businesses. Fortum is the Nordics' largest electricity retail business, with over 2 million customers.

In Finland, all the electricity we provide to our consumer customers has been produced without CO2 emissions.

Read more about our Consumer Solutions business

Circular economy services

Fortum's Recycling & Waste business in Finland offers waste recycling and management services for battery materials, post-consumer plastics, ash, and metals. We work with our customers to build responsible waste management solutions and ensure the recycling of valuable materials and the removal of harmful substances from the cycle. Our aim is to turn waste into new raw material whenever possible and keep it in circulation and utilized again and again.

Read more about our recycling and waste solutions

See country fact sheets

Fortum Power and HEAT OY Financial Statements 2022

Read the legal company financial statement