Fortum streamlines its Swedish hydropower operations

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.

Fortum Corporation
Group Communications

Further information:
Måns Holmberg, Manager, Investor Relations and Financial Communications, tel. +358 44 518 1518
Per-Oscar Hedman, Communications Manager, Sweden, +46 70 214 7545
 

Fortum
Fortum 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

Tags: