Investor news

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

21 June 2017, 17:00 EEST


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 [at] fortum [dot] com

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

Nasdaq Helsinki
Key media

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 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.