Driving productivity and industry transformation
As the entire energy sector is transforming, our first priority is consolidation of energy generation business in Europe.
Fortum wants to drive the change towards a cleaner world. However, the change will not happen overnight. Also during the transition we need an energy system that is secure, flexible and clean. In addition to wind and solar power we need stable and reliable production, such as flexible hydro and gas power, that secures the functioning of the society at all times, also when there is no wind and the sun doesn't shine.
In the phase 1 of our strategy implementation, one of our goals has been to take a leading role in the consolidation of the European generation business, also through sizable acquisitions. In September 2017 we announced that we have agreed with E.ON. to acquire their 47%-stake at Uniper. Uniper's stated role as the provider of security of supply will be an excellent match with our ambition to accelerate the energy transition with increasingly renewable generation and innovative solutions. Both are needed to make the change happen and each plays a crucial part as Europe transitions from a conventional to a cleaner and more secure energy future.
To ensure the competitiveness of our current fleet, we continue to optimize our cost and asset portfolio and develop our service offering in all our businesses.
Our targets in this area
Carrry out at least one sizable acquisition in the next few years.
Optimize continuously our cost and asset portfolio in all businesses.