Fortum to start building the Ånstadblåheia wind farm in Norway

FORTUM CORPORATION PRESS RELEASE 6 March 2017

Fortum is launching construction of the Ånstadblåheia wind farm in Norway. The
construction will begin with ground works in March, and the wind farm is
expected to start production in 2018. Fortum announced the acquisition of three
wind projects on 8 November 2016 and 5 January 2017.

Fortum has decided to purchase 14 wind turbines from Vestas for the
Ånstadblåheia wind farm, resulting in an installed capacity of about 50 MW. The
annual production of Ånstadblåheia is estimated to be more than 150
gigawatt-hours (GWh).

Fortum is now preparing for the construction of the Sørfjord project, expected
to be commissioned in 2019.

Fortum finalised the acquisition of three wind power projects from Nordkraft at
the beginning of January 2017. The transaction consists of the Nygårdsfjellet
wind farm, which is already operational, as well as the fully-permitted
Ånstadblåheia and Sørfjord projects. When built, the total installed capacity
of the three wind farms will be approximately 170 MW. Fortum is cooperating
with Nordkraft on the construction and operation of the wind farms.

“These wind projects are an important step in the implementation of Fortum’s
ambition to grow in wind and solar power. The fact that all the wind farms are
situated in the same area in Norway enables high-efficiency in operations,”
says Philippe Stohr, Vice President of Wind Power at Fortum.

Norway has a market-based electricity certificate support system for renewable
electricity production for assets commissioned before the end of 2020.


Fortum Corporation
Group Communications

Further information:
Philippe Stohr, Vice President, Wind Power, Fortum, tel. +33 6 3039 8223

Pictures of Nygårdsfjellet wind park:
http://fortummedia.digtator.fi:80/public/a5fe41cee18B.aspx

The Nygårdsfjellet, Ånstadblåheia and Sørfjord wind farms

All three wind farms are located in northern Norway.

Installed capacity
Commissioning

Nygårdsfjellet 32 MW 2006 and
2011
Ånstadblåheia 50 MW expected
2018
Sørfjord approx. 90 MW expected
2019


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


Vestas
Vestas is the energy industry’s global partner on wind power solutions. We
design, manufacture, install, and service wind turbines across the globe, and
with close to 82 GW of wind turbines in 76 countries, we have installed more
wind power than anyone else. Through our industry-leading smart data
capabilities and unparalleled more than 71 GW of wind turbines under service,
we use data to interpret, forecast, and exploit wind resources and deliver
best-in-class wind power solutions. Together with our customers, Vestas’ more
than 21,800 employees are bringing the world sustainable energy solutions to
power a bright future. http://www.vestas.com

About Us

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

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