Fortum to start building the Ånstadblåheia wind

FORTUM CORPORATION PRESS RELEASE 6 March 2017  

Fortum is launching construction of the Ånstadblåheia wind farm in Norway. The construction will begin with ground works in March, and the wind farm is expected to start production in 2018. Fortum announced the acquisition of three wind projects on 8 November 2016 and 5 January 2017.

Fortum has decided to purchase 14 wind turbines from Vestas for the Ånstadblåheia wind farm, resulting in an installed capacity of about 50 MW. The annual production of Ånstadblåheia is estimated to be more than 150 gigawatt-hours (GWh).

Fortum is now preparing for the construction of the Sørfjord project, expected to be commissioned in 2019.

Fortum finalised the acquisition of three wind power projects from Nordkraft at the beginning of January 2017. The transaction consists of the Nygårdsfjellet wind farm, which is already operational, as well as the fully-permitted Ånstadblåheia and Sørfjord projects. When built, the total installed capacity of the three wind farms will be approximately 170 MW. Fortum is cooperating with Nordkraft on the construction and operation of the wind farms.

“These wind projects are an important step in the implementation of Fortum’s ambition to grow in wind and solar power. The fact that all the wind farms are situated in the same area in Norway enables high-efficiency in operations,” says Philippe Stohr , Vice President of Wind Power at Fortum.

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 Pictures of Nygårdsfjellet wind park: http://fortummedia.digtator.fi:80/public/a5fe41cee18B.aspx

The Nygårdsfjellet, Ånstadblåheia and Sørfjord wind farms All three wind farms are located in northern Norway.                                            Installed capacity              Commissioning Nygårdsfjellet                     32 MW                               2006 and 2011 Ånstadblåheia                    50 MW                               expected 2018 Sørfjord                              approx. 90 MW                  expected 2019

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

Vestas Vestas is the energy industry’s global partner on wind power solutions. We design, manufacture, install, and service wind turbines across the globe, and with close to 82 GW of wind turbines in 76 countries, we have installed more wind power than anyone else. Through our industry-leading smart data capabilities and unparalleled more than 71 GW of wind turbines under service, we use data to interpret, forecast, and exploit wind resources and deliver best-in-class wind power solutions. Together with our customers, Vestas’ more than 21,800 employees are bringing the world sustainable energy solutions to power a bright future. http://www.vestas.com