FORTUM CORPORATION ONLINE NEWS 21 DECEMBER 2020 9:30 EET
Fortum has decided to sell eight small hydropower plants in Sweden to Downing Renewables & Infrastructure Trust plc. The power plants have an average annual power generation of 0.1 terawatt hours and a total capacity of 26 megawatts, representing 0.5% of Fortum’s Swedish hydropower capacity. The power plants are mainly run-of-river plants and not essential to Fortum’s strategic focus due to their small size and limited flexibility.
The total purchase price on a debt and cash free basis is EUR 64.5 million. The transaction is expected to close in February 2021.
Måns Holmberg, Manager, Investor Relations and Financial Communications, tel. +358 44 518 1518
Per-Oscar Hedman, Communications Manager, Sweden, +46 70 214 7545