Fortum Corporation (FUM1V) - Alternative Energy - Deals and Alliances Profile

 Published On: Oct, 2015 |    No of Pages: 127 |  Published By: GlobalData | Format: PDF
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Summary

Fortum Corporation (Fortum) is an energy company, which generates, distributes and sells heat and electricity. The company undertakes operation and maintenance of power plants; and offers energy-related services. Fortum's operational assets include hydropower plants, condensing power plants, wind power plants, nuclear reactors and combined heat and power plants. The company also offers district heating; nuclear safety and waste management services. It has operations in Estonia, Finland, the UK, Latvia, Poland, Russia, Lithuania, Norway and Sweden. Fortum is headquartered in Espoo, Finland.

The company intends to achieve growth in its earnings in Russia. To this end, in December 2014, the company signed a protocol with Gazprom Energoholding to restructure its ownership in TGC-1 and increase its share in the hydropower-focused company by more than 75%.

Fortum Corporation (FUM1V) - Alternative Energy - Deals and Alliances Profile provides you comprehensive data and trend analysis of the company's Mergers and Acquisitions (M&As), partnerships and financings. The report provides detailed information on Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnership transactions recorded by the company over a five year period. The report offers detailed comparative data on the number of deals and their value categorized into deal types, sub-sector and regions.

GlobalData derived the data presented in this report from proprietary in-house Alternative Energy eTrack deals database, and primary and secondary research.

Scope

- Financial Deals - Analysis of the company's financial deals including Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnerships.
- Deals by Year - Chart and table displaying information encompassing the number of deals and value reported by the company by year, for a five year period.
- Deals by Type - Chart and table depicting information including the number of deals and value reported by the company by type such as Mergers and Acquisitions, Equity/Debt Offering etc.
- Deals by Region - Chart and table presenting information on the number of deals and value reported by the company by region, which includes North America, Europe, Asia Pacific, the Middle East and Africa and South and Central America.
- Deals by Sub-sector - Chart and table showing information on the number of deals and value reported by the company, by sub-sector.
- Major Deals - Information on the company's major financial deals. Each such deal has a brief summary, deal type, deal rationale; and deal financials and target Companyís (major public companies) key financial metrics and ratios.
- Business Description - A brief description of the company's operations.
- Key Employees - A list of the key executives of the company.
- Important Locations and Subsidiaries - A list and contact details of key centers of operation and subsidiaries of the company.
- Key Competitors - A list of the key competitors of the company.
- Key Recent Developments - A brief on recent news about the company.

Reasons to Buy

Get detailed information on the company's financial deals that enable you to understand the company's expansion/divestiture and fund requirements
- The profile enables you to analyze the company's financial deals by region, by year, by business segments and by type, for a five year period.

Understand the company's business segments' expansion / divestiture strategy
- The profile presents deals from the company's core business segments' perspective to help you understand its corporate strategy.

Access elaborate information on the company's recent financial deals that enable you to understand the key deals which have shaped the company
- Detailed information on major recent deals includes a summary of each deal, deal type, deal rationale, deal financials and Target Company's key financial metrics and ratios.

Equip yourself with detailed information about the companyís operations to identify potential customers and suppliers.
- The profile analyzes the company's business structure, locations and subsidiaries, key executives and key competitors.

Stay up-to-date on the major developments affecting the company
- Recent developments concerning the company presented in the profile help you track important events.

Gain key insights into the company for academic or business research
- Key elements such as break up of deals into categories and information on detailed major deals are incorporated into the profile to assist your academic or business research needs.

Note*: Some sections may be missing if data is unavailable for the company.

Table of Contents

Table of Contents 2
List of Tables 5
List of Figures 7
Fortum Corporation, Alternative Energy, Deals By Year, 2009 to YTD 2015 8
Fortum Corporation, Alternative Energy Deals By Type, 2009 to YTD 2015 9
Fortum Corporation, Alternative Energy, Deals By Region, 2009 to YTD 2015 10
Fortum Corporation, Alternative Energy, Deals By Sector, 2009 to YTD 2015 11
Fortum Corporation, Alternative Energy, Deals Summary, 2009 to YTD 2015 12
Fortum Corporation, Alternative Energy, Deal Details 15
Asset Purchase 15
Fortum to Acquire Additional Interest in Hydro Power Portfolio of TGC-1 from Gazprom Energoholding 15
Fortum Acquires Solar Power Plant In India 16
Fortum To Invest US$26.3 Million In Bio Oil Plant In Finland 17
Lietuvos Energijos And Fortum To Invest US$263.4 Million In Cogeneration Power Plant In Vilnius, Lithuania 18
Fortum And Seabased To Build US$33 Million Wave Power Project In Sotenas, Sweden 19
Fortum To Build Two Biofuel-Fired CHP Plants In Finland And Latvia 20
Fortum Invests US$110 Million For Parnu Combined Heat And Power Plant, Estonia 21
Skelleftea And Fortum To Invest US$508 Million For Blaiken Wind Power Project, Sweden 22
Fortum To Invest US$157 Million For Combustion And Biomass Power Plant, Poland 23
Fortum And Metsahallitus Plan To Invest US$116 Million In Lapland Wind Farm, Finland 24
Fortum Plans Project Financing Of US$300 Million For Solar Power Plant In Russia 25
Fortum Completes Project Financing of US$350 Million For Power Projects In Finland, Poland 26
Fortum To Receive Grant Of US$9 Million For Jelgava Biofuel Cogeneration Power Plant In Latvia 27
Venture Financing 28
AW-Energy Raises US$9 Million In Venture Financing Round 28
Partnerships 30
Fortum Enters Into An Agreement With Sollentuna Energi 30
Debt Offering 31
Fortum Completes Private Placement Of Bonds Due 2018 For US$313 Million 31
Fortum Completes Private Placement Of 2.75% Bonds Due 2018 For US$180 Million 32
Fortum Completes Public Offering Of 2.25% Bonds Due 2022 For US$1.25 Billion 33
Fortum Completes Private Placement Of 3.25% Bonds Due 2017 For US$259.4 Million 34
Fortum Completes Private Placement Of Bonds Due 2017 For US$148.2 Million 35
Fortum Completes Public Offering Of 4% Eurobonds Due 2021 For US$708.6 Million 36
Fortum Completes 3.125% Fixed Notes Offering For US$429 Million 37
Fortum Completes Floating Rate Notes Offering For US$429 Million 38
Fortum Completes 6% Euro Bond Offering For US$971.51 Million 39
Fortum Completes 4.62% Euro Bond Offering For US$971.51 Million 40
Asset Transactions 41
Impax Asset Management Completes Acquisition Of Kuolavaara-Keulakkopaa Wind Farm In Finland From Fortum And Metsahallitus 41
Wpd Europe Acquires Tohkoja Wind Farm in Northern Ostrobothnia, Finland From Fortum 42
Fortum Sells Kauttua Combined Heat And Power Plant To Adven 43
Stora Enso Acquires Enocell Pulp Mill's Power Plant From Fortum Power For US$21.8 Million 44
Adven Acquires Kuusamo Combined Heat And Power Plant In Finland From Fortum 45
Impax Asset Management To Acquire Joukhaisselka Wind Farm In Finland From Fortum And Metsahallitus 46
Fortum Plans To Sell Sweden Power Grid Business 47
Fortum Plans To Sell Norway Power Grid Distribution Business 48
Fortum To Sell Portfolio Of Hydro Power Plants To Orsa Besparingsskog 49
Fortum Sells Hydropower Plants To Koskienergia 50
Acquisition 51
Consortium Completes Acquisition of Fortum Distribution from Fortum for USD7.03 Billion 51
Fortum May Acquire 66% Stake in Slovenske elektrarne from Enel Produzione for USD3.23 Billion 53
Fortum Acquires 13.6% Interest in Wello, Manufacturer of Ocean Wave Energy Converters 55
Hafslund To Acquire Fortum Power and Heat From Fortum For US$61 Million 56
Suomi Power Networks Completes Acquisition Of Fortum Espoo Distribution And Fortum Sahkonsiirto From Fortum For US$3.51 Billion 57
Fortum To Sell 50% Stake In Riihimaen Kaukolampo For US$15 Million 59
Jamtkraft To Acquire 51% Stake In Power Distribution Company, Dala Kraft 60
Imatran Seudun Sahko Completes Acquisition Of Fortum Elekter From Fortum 61
Fortum To Sell 24.5% Stake In Ishavskraft To Kraftlag, Ymber, Repvag Kraftlag, Luostejok Kraftlag, And Troms Kraft 62
State of Finland And Ilmarinen Mutual Pension Insurance Company Acquires Minority Stake In Fingrid 63
Karlskoga Municipality Acquires 49% Interest In Karlskoga Energi & Miljo From Fortum 65
Fortum Corporation - Key Competitors 66
Key Employees 67
Locations And Subsidiaries 69
Head Office 69
Other Locations & Subsidiaries 69
Recent Developments 74
New Contracts 74
Sep 22, 2015: Fortum to supply more ion exchange materials for purification of radioactive liquids in Fukushima, Japan 74
Jan 15, 2015: Fortum Origination signs long term Balance and Trading agreement with BlaikenVind 75
Sep 16, 2014: Success in Sweden: Bilfinger to manage 125 hydroelectric power plants 76
Jul 04, 2014: Caverion to carry out industrial installation work in Fortumís Loviisa nuclear plant in Finland 77
May 21, 2014: Fortum signs an agreement with Rolls-Royce regarding modernisation of its Loviisa Nuclear Power Plant automation 78
Operations Updates 79
Sep 30, 2015: Fortum estimates approx. EUR 700 million one-time negative impact on net profit due to planned closure of OKG nuclear units 1 and 2 in Sweden 79
Sep 18, 2015: Annual outage 2015 at Fortumís Loviisa nuclear power plant completed 80
Sep 01, 2015: Fortumís first export batch of Finnish bio-oil to E.ON in Sweden 81
Aug 18, 2015: Fortum to deliver solar power plant for Finnish Meteorological Institute's site in Helsinki 82
Aug 07, 2015: Annual outage 2015 to begin at Fortumís Loviisa nuclear power plant 83
Jun 23, 2015: Fortum would prefer continued operations at Oskarshamn nuclear power units 1 and 2 84
Mar 02, 2015: Fortum's Energy Review: Nordic electricity market in transition 85
Feb 27, 2015: Fortum's Markus Rauramo in Brussels: Competitive heat markets help in reaching EU climate and energy targets 86
Jan 02, 2015: A successful production year 2014 at Fortum's Loviisa nuclear power plant 87
Dec 19, 2014: Favourable decision on taxation of Fortumís financing companies 88
Dec 02, 2014: Fortum's Esa Hyvarinen at Finnish-Russian Energy Days: Heat reform will have a significant impact on the efficiency of Russia's energy markets 89
Oct 07, 2014: Fortum continues the evaluation of the opportunities to divest its Swedish electricity distribution business 90
Oct 06, 2014: Fortumís financial information in 2015 91
Sep 23, 2014: Annual outages at Fortum's Loviisa nuclear power plant completed 92
Aug 19, 2014: Fortum Energy Review: EU's competitiveness requires cost efficient climate and energy policies 93
Jul 17, 2014: Fortum: Annual outage to begin at Fortumís Loviisa nuclear power plant 94
Feb 28, 2014: Fortumís Imatra hydropower plant on its way to again being the biggest in Finland Ė refurbishment to start in March 95
Feb 13, 2014: Finnish energy company Fortum empowers education for hundreds of students in Rajasthan 96
Feb 04, 2014: Fortum to reorganise its business structure as of 1 March 2014 97
Jan 02, 2014: Fortumís Loviisa nuclear power plant had a good production year 2013 99
Financial Announcements 100
Jul 17, 2015: Interim Report January-June 2015: Low electricity prices continued to impact results negatively Ė somewhat compensated by hydro volumes 100
Apr 29, 2015: Fortum Interim Report January-March 2015: Successful divestment of the Swedish electricity distribution business 105
Apr 15, 2015: IFRS 5 restatement of Fortum's income statement and cash flow for 2014 Distribution segment treated as discontinued operations 107
Oct 23, 2014: Fortum Corporation Interim Report January-September 2014 108
Apr 29, 2014: Fortum Corporation Announces Interim Report 110
Strategy and Business Planning 113
Mar 26, 2015: Seabased Industry AB launches its first wave power park 113
Nov 28, 2014: Fortum and St1 to start a pilot project for geothermal heat production in Espoo 114
Nov 05, 2014: President and CEO Tapio Kuula at Fortumís Capital Markets Day: Successful structural changes 115
May 21, 2014: Fortum and Areva-Siemens Consortium agreed to discontinue the automation modernisation project agreement at Loviisa nuclear power plant in Finland 116
Mar 11, 2014: Fortum, UPM and Valmet are jointly developing technology to produce advanced biomass based fuels 117
Feb 24, 2014: Fortum partners to develop wave power in the UK 118
Government and Public Interest 119
Oct 24, 2014: Fortum: Decisions by the European Council the right step towards a climate-neutral society 119
Other Significant Developments 120
May 21, 2015: Anne-Malorie Geron appointed as VP EU Affairs in Fortum's Corporate Relations 120
Mar 31, 2015: Fortum to invest in a new combined heat and power plant in Zabrze, Poland 121
Feb 04, 2015: Pekka Lundmark appointed Fortum's new President and CEO 122
Nov 18, 2014: Fortum signs an RD partnership agreement with Cleantech Invest 123
Apr 30, 2014: Fortum to move into new head office premises in Espoo if redevelopment of Espoo's Keilaniemi area is launched 124
Mar 05, 2014: Mr. Sanjay Aggarwal takes over as a New Managing Director, Fortum India 125
Feb 10, 2014: Fortum invests in TSE's new power plant in Naantali, Finland 126
Appendix 127
Methodology 127
About GlobalData 127
Contact Us 127
Disclaimer 127

List of Tables

Fortum Corporation, Alternative Energy, Key Facts, 2014 1
Fortum Corporation, Alternative Energy, Deals Summary, 2009 to YTD 2015 1
Fortum Corporation, Alternative Energy, Deals By Year, 2009 to YTD 2015 8
Fortum Corporation, Alternative Energy Deals By Type, 2009 to YTD 2015 9
Fortum Corporation, Alternative Energy, Deals By Region, 2009 to YTD 2015 10
Fortum Corporation, Deals By Sector, 2009 to YTD 2015 11
Fortum Corporation, Alternative Energy, Deals Summary, 2009 to YTD 2015 12
Fortum to Acquire Additional Interest in Hydro Power Portfolio of TGC-1 from Gazprom Energoholding 15
Fortum Acquires Solar Power Plant In India 16
Fortum To Invest US$26.3 Million In Bio Oil Plant In Finland 17
Lietuvos Energijos And Fortum To Invest US$263.4 Million In Cogeneration Power Plant In Vilnius, Lithuania 18
Fortum And Seabased To Build US$33 Million Wave Power Project In Sotenas, Sweden 19
Fortum To Build Two Biofuel-Fired CHP Plants In Finland And Latvia 20
Fortum Invests US$110 Million For Parnu Combined Heat And Power Plant, Estonia 21
Skelleftea And Fortum To Invest US$508 Million For Blaiken Wind Power Project, Sweden 22
Fortum To Invest US$157 Million For Combustion And Biomass Power Plant, Poland 23
Fortum And Metsahallitus Plan To Invest US$116 Million In Lapland Wind Farm, Finland 24
Fortum Plans Project Financing Of US$300 Million For Solar Power Plant In Russia 25
Fortum Completes Project Financing of US$350 Million For Power Projects In Finland, Poland 26
Fortum To Receive Grant Of US$9 Million For Jelgava Biofuel Cogeneration Power Plant In Latvia 27
AW-Energy Raises US$9 Million In Venture Financing Round 28
Fortum Enters Into An Agreement With Sollentuna Energi 30
Fortum Completes Private Placement Of Bonds Due 2018 For US$313 Million 31
Fortum Completes Private Placement Of 2.75% Bonds Due 2018 For US$180 Million 32
Fortum Completes Public Offering Of 2.25% Bonds Due 2022 For US$1.25 Billion 33
Fortum Completes Private Placement Of 3.25% Bonds Due 2017 For US$259.4 Million 34
Fortum Completes Private Placement Of Bonds Due 2017 For US$148.2 Million 35
Fortum Completes Public Offering Of 4% Eurobonds Due 2021 For US$708.6 Million 36
Fortum Completes 3.125% Fixed Notes Offering For US$429 Million 37
Fortum Completes Floating Rate Notes Offering For US$429 Million 38
Fortum Completes 6% Euro Bond Offering For US$971.51 Million 39
Fortum Completes 4.62% Euro Bond Offering For US$971.51 Million 40
Impax Asset Management Completes Acquisition Of Kuolavaara-Keulakkopaa Wind Farm In Finland From Fortum And Metsahallitus 41
Wpd Europe Acquires Tohkoja Wind Farm in Northern Ostrobothnia, Finland From Fortum 42
Fortum Sells Kauttua Combined Heat And Power Plant To Adven 43
Stora Enso Acquires Enocell Pulp Mill's Power Plant From Fortum Power For US$21.8 Million 44
Adven Acquires Kuusamo Combined Heat And Power Plant In Finland From Fortum 45
Impax Asset Management To Acquire Joukhaisselka Wind Farm In Finland From Fortum And Metsahallitus 46
Fortum Plans To Sell Sweden Power Grid Business 47
Fortum Plans To Sell Norway Power Grid Distribution Business 48
Fortum To Sell Portfolio Of Hydro Power Plants To Orsa Besparingsskog 49
Fortum Sells Hydropower Plants To Koskienergia 50
Consortium Completes Acquisition of Fortum Distribution from Fortum for USD7.03 Billion 51
Fortum May Acquire 66% Stake in Slovenske elektrarne from Enel Produzione for USD3.23 Billion 53
Fortum Acquires 13.6% Interest in Wello, Manufacturer of Ocean Wave Energy Converters 55
Hafslund To Acquire Fortum Power and Heat From Fortum For US$61 Million 56
Suomi Power Networks Completes Acquisition Of Fortum Espoo Distribution And Fortum Sahkonsiirto From Fortum For US$3.51 Billion 57
Fortum To Sell 50% Stake In Riihimaen Kaukolampo For US$15 Million 59
Jamtkraft To Acquire 51% Stake In Power Distribution Company, Dala Kraft 60
Imatran Seudun Sahko Completes Acquisition Of Fortum Elekter From Fortum 61
Fortum To Sell 24.5% Stake In Ishavskraft To Kraftlag, Ymber, Repvag Kraftlag, Luostejok Kraftlag, And Troms Kraft 62
State of Finland And Ilmarinen Mutual Pension Insurance Company Acquires Minority Stake In Fingrid 63
Karlskoga Municipality Acquires 49% Interest In Karlskoga Energi & Miljo From Fortum 65
Fortum Corporation, Key Competitors 66
Fortum Corporation, Key Employees 67
Fortum Corporation, Other Locations 69
Fortum Corporation, Subsidiaries 71

List of Figures

Fortum Corporation, Alternative Energy, Deals by Type, 2009 to YTD 2015 1
Fortum Corporation, Alternative Energy, Deals By Year, 2009 to YTD 2015 1
Fortum Corporation, Alternative Energy, Deals By Region, 2009 to YTD 2015 1
Fortum Corporation, Alternative Energy, Deals By Sector, 2009 to YTD 2015 1
Fortum Corporation, Alternative Energy, Deals By Year, 2009 to YTD 2015 8
Fortum Corporation, Alternative Energy, Deals by Type, 2009 to YTD 2015 9
Fortum Corporation, Alternative Energy, Deals By Region, 2009 to YTD 2015 10
Fortum Corporation, Alternative Energy, Deals by Sector, 2009 to YTD 2015 11


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