Solar power plants

Solar power play a crucial role in enabling the green transition. We have jointly owned solar power plants in India and we are developing solar plants in the Nordics.

solarpanel
Country Power plant Commercial operation started Capacity (MW)*
Russia Bugulchanskaya SPP 2017 15
Russia Grachevskaya SPP 2017 10
Russia Pleshanovskaya SPP 2017 10
India Pavagada II 2019 250

 *All figures in MWac rounded to nearest Megawatt, Russia Solar in MWp (dc).

Jointly owned

Country Power plant Biggest owner Capacity (MW)* Fortum's share (%)
India Amrit Fortum 5 46
India Kapeli Fortum 10 46
India Bhadla Fortum 70 46
India Pavagada Fortum 100 46

 *All figures in MWac rounded to nearest Megawatt, Russia Solar in MWp (dc).

As announced in early March 2022, Fortum stopped all new investment projects in Russia and is not providing any new financing to its Russian subsidiaries. In May 2022, Fortum also announced that it is preparing a controlled exit from the Russian market, with potential divestments of its Russian operations as the preferred path. These processes might take some time and are subject to regulatory approvals. The company is complying with all applicable laws and regulations, including sanctions, and preparing for various scenarios.