Fortum signs its first green loan under its Green Finance Framework

FORTUM CORPORATION INVESTOR NEWS 5 JUNE 2024 AT 14.30 EEST

Fortum has signed its first green loan under the company’s Green Finance Framework, which was established in January. The EUR 300 million green loan, aimed to refinance renewable energy and energy efficiency projects, is granted by OP Corporate Bank plc. The loan period is five years, and it has a one-year extension option. The loan partly refinances a current loan of EUR 700 million of which Fortum will prepay EUR 400 million in June.

Fortum’s Green Finance Framework allows the company to raise capital via green bonds and loans (Green Debt) to refinance and finance renewable energy and energy efficiency projects, and/or nuclear power projects. Projects financed by Green Debt may include fixed assets, capital expenditures and/or operational expenditures (including R&D expenditures).

Further information:
Analysts and investors:
Ingela Ulfves, Vice President, Investor Relations and Financial Communications, tel. +358 40 515 1531
Rauno Tiihonen, Director, IR, tel. +358 10 453 6150
Jouni Huttunen, VP, Treasury, tel. +358 50 452 4649

Media:
Fortum News Desk +358 40 198 2843

Fortum
Fortum is a Nordic energy company. Our purpose is to power a world where people, businesses and nature thrive together. We are one of the cleanest energy producers in Europe and our actions are guided by our ambitious environmental targets. We generate and deliver clean energy reliably and help industries to decarbonise their processes and grow. Our core operations in the Nordics comprise of efficient, CO2-free power generation as well as reliable supply of electricity and district heat to private and business customers. For our ~5 000 employees, we commit to be a safe, and inspiring workplace. Fortum's share is listed on Nasdaq Helsinki. fortum.com