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Fortum fires up 35MW Ulyanovsk


15 January 2018

Finnish developer Fortum has kicked off commercial operations at its 35MW Ulyanovsk wind farm in Russia.

The company said the site will receive 15 years of Capacity Supply Agreement payments that will be between €180 and €200 per megawatt-hour. Ulyanovsk is located near the city of the same name some 680km south east of Moscow.

The wind farm is part of the Renewable Projects Competitive Selection, administered by the Russian power market regulator, the goal of which is to increase renewable power generation in the country.

70.7 mln

Investor profile

Fortum Keilaniemi

Finland

Company's website: www.fortum.com

T: +358 10 4511

Public company

E-mail: investors@fortum.com

Contact: PEKKA LUNDMARK, President and CEO

The Fortum Corporation specializes in producing efficient electric and thermal energy without carbon dioxide emissions. The company also offers related products and expert services in the field of energy to private industrial enterprises and power generating companies. The key regions of Fortum’s presence are the countries of Northern Europe and the Baltic States, Russia and Poland. In 2014, the Corporation's sales amounted to 4.1 billion euros (without taking into account the sold electric grid business), the comparable operating profit, 1.1 bln euros. The company employs about 8 400 people. Fortum shares are listed on NASDAQ stock exchange in Helsinki. The corporate headquarters are located in Espoo, Finland./p>

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