Fortum to start building the Sørfjord windfarm in Norway

FORTUM CORPORATION PRESS RELEASE 29 September 2017

Fortum has made a final investment decision on the Sørfjord windfarm in Northern Norway. Sørfjord is part of the wind portfolio that Fortum acquired from Nordkraft earlier this year.

The Sørfjord wind park will have 23 wind turbines with a total capacity of 96.6 megawatts. The wind turbines for Sørfjord will be delivered by Siemens Gamesa Renewable Energy. Each wind turbine will have a nominal effect of 4.2 megawatts and a rotor diameter of 130 meters.

Initial civil works on the Sørfjord site have been ongoing since spring 2017. The foundations and the electrical works will be executed during 2018 and 2019 and the wind farm is expected to be commissioned in late 2019.

“This investment decision is a further step in the implementation of our wind growth strategy. Our aim is to build a sizeable wind portfolio in the Nordic area. We believe that wind will be one of the most competitive options in the Nordic power production. Sørfjord has attractive and unique wind conditions that will be efficiently harnessed through direct drive and large rotor machines,” says Philippe Stohr, Vice President of Wind Power at Fortum.

Fortum finalised the acquisition of three wind power projects from Nordkraft at the beginning of January 2017. The transaction consisted of Nygårdsfjellet wind farm, which is in operation, as well as the fully-permitted Ånstadblåheia and Sørfjord projects that are now being constructed. When built, the total installed capacity of the three wind farms will be approximately 180 MW. Fortum is cooperating with Nordkraft for the construction and operation of the portfolio.

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

The Nygårdsfjellet, Ånstadblåheia and Sørfjord wind farms in northern Norway

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 9,000 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

About Siemens Gamesa Renewable Energy
Siemens Gamesa is a leading provider of wind power products and solutions to customers around the globe. The company has installed products and technology in more than 90 countries, with a total installed base of close to 80GW and more than 25,000 employees. Siemens Gamesa offers one of the industry’s broadest product portfolios, with both offshore and onshore technology as well as industry-leading service solutions, helping to make clean energy more affordable and reliable. The united company was created in 2017. Previously, Siemens Wind Power’s history in the wind industry extends back to the early 1980s, and Gamesa’s to 1994. Additional information is available at the company’s website: www.gamesacorp.com