Fortum-RUSNANO wind investment fund chooses Vestas as wind turbine supplier in Russia

The Fortum-RUSNANO wind investment fund has selected Vestas as the supplier of

wind turbines in Russia. As a result of RES auction, announced last week the

investment fund won the right to build up to 1,000 megawatts (MW) of wind

capacity in 2018-2022



Fortum's long-term ambition is to have approximately 500 MW of wind capacity in

Russia. The goal supports Fortum's strategy to increase the share of CO2-free

generation capacity and is in line with the company's overall target of

creating a gigawatt-scale wind and solar portfolio.



Fortum Corporation



Måns Holmberg

Acting Head of Investor Relations and Financial Communications



Additional information:

Investors and analysts: Måns Holmberg, tel. +358 44 518 1518, Rauno Tiihonen,

tel. +358 10 453 6150, and investors@fortum.com



Media: Mari Kalmari, Press officer, tel. +358 40 520 1709



Distribution:

Nasdaq Helsinki

Key media

www.fortum.com



Read more:

Investor News 15 June 2017 - Fortum-RUSNANO wind investment fund has been

awarded 1,000 MW wind capacity in Russian wind CSA auction



Fortum

Fortum is a leading clean-energy company that provides its customers with

electricity, heating and cooling as well as smart solutions to improve resource

efficiency. We want to engage our customers and society to join the change for

a cleaner world. We employ some 8,000 professionals in the Nordic and Baltic

countries, Russia, Poland and India, and 62% of our electricity generation is

CO2 free. In 2016, our sales were EUR 3.6 billion. Fortum's share is listed on

Nasdaq Helsinki. www.fortum.com