FORTUM CORPORATION INVESTOR NEWS 21 JUNE 2017 17.00 EEST
The Fortum-RUSNANO wind investment fund has selected Vestas as the supplier of wind turbines in Russia. As a result of RES auction, announced last week the investment fund won the right to build up to 1,000 megawatts (MW) of wind capacity in 2018-2022
Fortum's long-term ambition is to have approximately 500 MW of wind capacity in Russia. The goal supports Fortum's strategy to increase the share of CO2-free generation capacity and is in line with the company's overall target of creating a gigawatt-scale wind and solar portfolio.
Fortum Corporation
Måns Holmberg
Acting Head of Investor Relations and Financial Communications
Additional information:
Investors and analysts: Måns Holmberg, tel. +358 44 518 1518, Rauno Tiihonen, tel. +358 10 453 6150, and investors@fortum.com
Media: Mari Kalmari, Press officer, tel. +358 40 520 1709
Distribution:
Nasdaq Helsinki
Key media
www.fortum.com
Read more:
Investor News 15 June 2017 - Fortum-RUSNANO wind investment fund has been awarded 1,000 MW wind capacity in Russian wind CSA auction
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