Fortum and Skellefteå Kraft to restructure ownership in the Solberg and Blaiken wind parks

FORTUM CORPORATION ONLINE NEWS 29 MAY 2019 AT 9:00 EEST
 

Fortum and Skellefteå Kraft are to restructure their ownership in the two jointly owned Swedish wind parks Solberg and Blaiken. Through the proposed asset swap arrangement Fortum would become the sole owner of the 76-megawatt (MW) Solberg wind park and Skellefteå Kraft the sole owner of the 248-MW Blaiken wind park. Currently Fortum owns 50% (corresponding to 38 MW) of the Solberg wind park and 15% (corresponding to 37 MW) of the Blaiken wind park. The proposed transaction would simplify the ownership structure and have only a minor impact on Fortum’s cash flow and results.

The asset swap arrangement is expected to be finalised in the beginning of the third quarter 2019 and is subject to approval by the Fortum Board of Directors and the Municipal Council of Skellefteå.

Fortum and Skellefteå Kraft have cooperated on the construction and operation of wind power in Sweden since 2010.

Fortum Corporation
Group Communications

Further information:
Joonas Rauramo, Vice President, Wind Generation, tel. +358 40 354 3732
Ingela Ulfves, VP, IR and Financial Communications, tel. +358 40 515 1531
Måns Holmberg, Manager, IR and Financial Communications, tel. +358 44 518 1518
Rauno Tiihonen, IR Manager, tel. +358 10 453 6150 

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FortumFortum is a European energy company with activities in more than 40 countries. We provide our customers with electricity, gas, 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. Together with our subsidiary Uniper, we are the third largest producer of CO2-free electricity in Europe. With approximately 19,000 professionals and a combined balance sheet of approximately EUR 69 billion, we have the scale, competence and resources to grow and to drive the energy transition forward. Fortum's share is listed on Nasdaq Helsinki and Uniper's share on the Frankfurt Stock Exchange. www.fortum.com

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