Fortum Corporation (FUM1V) - Power - Deals and Alliances Profile

 Published On: Jun, 2017 |    No of Pages: 174 |  Published By: GlobalData | Format: PDF
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Summary

Fortum Corporation (Fortum) is a clean 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.

Fortum Corporation (FUM1V) - Power - 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 Power 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 Companys (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 companys 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 6
List of Figures 8
Fortum Corporation, Power, Deals By Year, 2011 to YTD 2017 9
Fortum Corporation, Power Deals By Type, 2011 to YTD 2017 10
Fortum Corporation, Power, Deals By Region, 2011 to YTD 2017 11
Fortum Corporation, Power, Deals By Sector, 2011 to YTD 2017 12
Fortum Corporation, Power, Deals Summary, 2011 to YTD 2017 13
Fortum Corporation, Power, Deal Details 17
Asset Purchase 17
Fortum to Acquire Electricity Retail Markets Business Area and Production business area of Hafslund 17
Fortum Acquires Three Wind Farms in Norway from Nordkraft 17
Fortum India Plans to Acquire Hydro Power Assets in India 18
Fortum To Acquire District Heat Operations Of Erakute In Estonia For US$9.2 Million 19
Fortum to Invest USD112.6 Million in Solberg Wind Power Plant in Vasternorrland County, Sweden 20
Fortum May Acquire Minority Stakes in Solar Power Plants in India from SunEdison 20
Fortum Generation Acquires Solberg Wind Farm in Sweden from Arise 21
Fortum to Invest USD71 Million in Wind Farm in Ulyanovsk, Russia 22
Fortum to Acquire Additional Interest in Hydro Power Portfolio of TGC-1 from Gazprom Energoholding 22
Fortum Acquires Solar Power Plant In India 23
Lietuvos Energijos And Fortum To Invest US$263.4 Million In Cogeneration Power Plant In Vilnius, Lithuania 23
Fortum Heat To Invest US$258.4 Million In Cogeneration Power Project In Kaunsas County, Lithuania 24
Fortum And Seabased To Build US$33 Million Wave Power Project In Sotenas, Sweden 24
Fortum To Build Two Biofuel-Fired CHP Plants In Finland And Latvia 25
Fortum Invests US$110 Million For Parnu Combined Heat And Power Plant, Estonia 25
Fortum Varme Completes Project Financing of USD70.5 Million for Refinancing of Stockholm Biomass Power Plant in Sweden 26
Fortum Varme Completes Project Financing of USD352.5 Million for Stockholm Biomass Power Plant in Sweden 26
Fortum Plans Project Financing Of US$300 Million For Solar Power Plant In Russia 27
Fortum Finnsurya Energy Receives a Grant of USD1.3 Million for Kapeli Solar Power Plant in Madhya Pradesh, India 27
Venture Financing 28
AW-Energy Raises US$9 Million In Venture Financing Round 28
Private Equity 29
EQT Infrastructure Completes Acquisition Of Fortum Energiaratkaisut And Fortum Termest For US$261 Million 29
Partnerships 30
Fortum to Form Joint Venture with Rusnano 30
Fortum Plans to Form Partnership with Jakarta Propertindo 31
Equity Offering 31
Fortum Invests USD5.5 Million in Exeger Sweden 31
Debt Offering 32
Fortum Completes Private Placement Of 2.75% Bonds Due 2018 For US$180 Million 32
Fortum Completes Private Placement Of Bonds Due 2018 For US$313 Million 33
Fortum Completes Public Offering Of 2.25% Bonds Due 2022 For US$1.25 Billion 33
Fortum Completes Private Placement Of Bonds Due 2017 For US$148.2 Million 34
Fortum Completes Private Placement Of 3.25% Bonds Due 2017 For US$259.4 Million 35
Fortum Completes Public Offering Of 4% Eurobonds Due 2021 For US$708.6 Million 36
Asset Transactions 36
SIBUR Acquires Tobolsk Combined Heat and Power Plant in Tyumen Oblast, Russia from Fortum 36
Ineos Industries to Acquire Grangemouth CHP Plant in Scotland from Fortum for USD87.4 Million 37
Impax Asset Management Acquires Joukhaisselka Wind Farm In Finland From Fortum And Metsahallitus 38
Impax Asset Management Completes Acquisition Of Kuolavaara-Keulakkopaa Wind Farm In Finland From Fortum And Metsahallitus 39
Fortum Sells Kauttua Combined Heat And Power Plant To Adven 40
Stora Enso Acquires Enocell Pulp Mill's Power Plant From Fortum Power For US$21.8 Million 41
Adven Acquires Kuusamo Combined Heat And Power Plant In Finland From Fortum 41
Fortum Plans To Sell Norway Power Grid Distribution Business 42
Fortum Plans To Sell Sweden Power Grid Business 43
Fortum To Sell Portfolio Of Hydro Power Plants To Orsa Besparingsskog 44
TSME To Acquire Stake In Fortum Heat Naantali From Fortum 44
Acquisition 45
City of Oslo to Acquire 34.1% Stake in Hafslund from Fortum for USD795 Million 45
Fortum Completes Acquisition of 81% Stake in Ekokem from Finland, Association of Finnish Local and Regional Authorities, Ilmarinen and Helsinki Region Environmental Services for USD525.3 Million 46
Fortum Acquires Grupa Duon in Tender Offer 47
Consortium Completes Acquisition of Fortum Distribution from Fortum for USD7.03 Billion 48
Fortum May Acquire 66% Stake in Slovenske elektrarne from Enel Produzione for USD3.23 Billion 49
Fortum Acquires 13.6% Interest in Wello, Manufacturer of Ocean Wave Energy Converters 50
iCON Infrastructure Completes Acquisition of Fortum fjernvarme from Fortum for USD192.7 Million 51
Hafslund Acquires Fortum Distribution from Fortum for USD275.3 Million 52
Hafslund To Acquire Fortum Power and Heat From Fortum For US$61 Million 53
Suomi Power Networks Completes Acquisition Of Fortum Espoo Distribution And Fortum Sahkonsiirto From Fortum For US$3.51 Billion 54
E.ON To Acquire Remaining 30% Interest In Karlshamns Kraft From Fortum 55
Fortum To Sell 50% Stake In Riihimaen Kaukolampo For US$15 Million 56
Jamtkraf Acquires 18.7% Interest in Dala Kraft 57
Fortum To Sell 24.5% Stake In Ishavskraft To Kraftlag, Ymber, Repvag Kraftlag, Luostejok Kraftlag, And Troms Kraft 57
Fortum Acquires Elektrocieplownia Zabrze And Zespol Elektrocieplowni 58
Fortum Corporation - Key Competitors 60
Key Employees 61
Locations And Subsidiaries 62
Head Office 62
Other Locations & Subsidiaries 62
Recent Developments 67
Jun 21, 2017: Fortum-RUSNANO wind investment fund chooses Vestas as wind turbine supplier in Russia 67
Jun 20, 2017: Three Nordic utilities propose mechanism to ensure policy coherence with the EU ETS 68
Jun 15, 2017: Fortum-RUSNANO wind investment fund has been awarded 1,000 MW wind capacity in Russian wind CSA auction 69
Jun 14, 2017: Fortums latest Energy Review: Electricity retail market must be developed towards a customer-centric model 70
May 30, 2017: A 450 MW applications for wind power projects submitted for RES tender 2017 in Russia 71
Apr 27, 2017: Fortum January-March 2017 Interim Report: Improved results in a demanding market Russian EBIT target reached 72
Apr 20, 2017: Fortum to develop Estonia's first large-scale solar park 78
Apr 11, 2017: Fortum has published the restated comparison figures in accordance with the new organisational structure 79
Apr 07, 2017: Penguin wave energy starts generating electricity in UK 80
Apr 03, 2017: Fortum commissions 70MW solar project in India 81
Apr 03, 2017: Ekokem is now Fortum 82
Mar 30, 2017: City of Espoo and Fortum continue efforts towards making Espoo a low-carbon city 83
Mar 23, 2017: Climaveneta: Efficient heat waste recovery of a data center 84
Mar 20, 2017: Mikael Ronnblad appointed Executive Vice President, Consumer Solutions 85
Mar 16, 2017: KKJ to build Kaunas waste-to-energy power plant in Lithuania 86
Mar 13, 2017: Fortum, Futurice developing new concept for solar energy companies 87
Mar 06, 2017: Vestas to supply turbines for 50MW order in Norway 88
Mar 06, 2017: Fortum set to commence construction of Anstadblaheia wind farm in Norway 89
Mar 01, 2017: Fortum commissions 2MW battery at Jarvenpaa power plant in Finland 90
Feb 16, 2017: Fortum's Operating and Financial Review and Financial Statements 2016 published 91
Feb 08, 2017: Changes in Fortums Executive Management and organisation structure 93
Feb 07, 2017: STUK approves periodic safety assessment of Fortums Loviisa power plant 94
Feb 02, 2017: Fortum 2016 Financial Statement Bulletin 95
Jan 23, 2017: Change of Fortum Corporation's trading and issuer codes 98
Jan 23, 2017: Fortum changes trading and issuer codes 99
Jan 20, 2017: Fortum and Bonava to develop solutions for smart living 100
Jan 10, 2017: Amec Foster Wheeler to work on simulator to validate ITER reactor and train operators 101
Jan 03, 2017: A successful and safe production year 2016 at Fortums Loviisa nuclear power plant - electricity generation capacity increased by 12 MW 102
Dec 21, 2016: Fortum amended the structure of its long-term incentive, for key employees and executives, in order to better support enforcement of strategy 103
Dec 16, 2016: Fortum is looking into possible cooperation to construct waste-to-energy plant in Indonesia 104
Dec 02, 2016: Fortum will appeal Swedish tax authority decision on additional tax for 2014 105
Dec 01, 2016: Fortum invests in breakthrough solar technology manufacturer Exeger 106
Nov 30, 2016: The favourable decision granted to Fortum on Belgian financing company taxation remains in force 107
Nov 24, 2016: Rusnano, Fortum sign deal to develop wind projects in Russia 108
Nov 21, 2016: Fortum and Ericsson sign collaboration agreement on utilising data centres waste heat for district heating 109
Nov 16, 2016: Fortum announces growth strategy for first phase of 2016-2017 110
Oct 26, 2016: Fortum receives high rating by CDP for climate actions 111
Oct 25, 2016: Fortum Interim Report January-September 2016: Low hydro production volumes affected seasonally weak quarter 112
Oct 24, 2016: Fortum uses Sonera's new data center waste heat for district heating 120
Oct 20, 2016: Fortum and Taaleri invest in Chempolis 121
Oct 18, 2016: Fortums Chelyabinsk GRES inaugurated in Russia multi-year investment programme completed 122
Oct 11, 2016: Fortums annual outage 2016 at Loviisa nuclear power plant completed 123
Aug 17, 2016: Fortum to operate and maintain Tees Renewable Energy plant in UK 124
Aug 05, 2016: Annual outage 2016 to begin at Fortums Loviisa nuclear power plant 125
Jul 20, 2016: Fortum Interim Report January-June 2016 126
Jul 03, 2016: Fortum looks to spend in greenfield solar energy projects in India 139
Jun 17, 2016: Fortum signs a new EUR 1.75 billion revolving loan facility 140
Jun 14, 2016: Cornerstone laid at Fortum's new combined heat and power plant in Zabrze, Poland 141
Jun 14, 2016: Construction of CHP Zabrze started 142
May 20, 2016: Three Nordic utilities call for action to strengthen the EU carbon market 143
May 16, 2016: Finnish Administrative Court confirms the favourable decision granted to Fortum on Belgian financing company taxation 144
Apr 29, 2016: Fortum to appeal income tax decisions made by the Swedish Administrative Court regarding years 20092012 145
Apr 28, 2016: Fortum Interim Report January-March 2016: Satisfactory results, considering continuously weak power prices 146
Apr 26, 2016: Saft to deliver Li-ion battery system for electricity storage pilot project in Nordic countries 150
Apr 22, 2016: Fortum continues its virtual power plant experiment with the launch of the biggest Nordic electricity storage pilot project 151
Apr 19, 2016: Fortum calls for EU-level sustainability criteria and phase out of subsidies for biomass 152
Apr 15, 2016: Fortum to start building the Solberg windfarm in Sweden 153
Apr 12, 2016: Fortum's targets and next steps in solar 154
Apr 05, 2016: Fortum Corporation's Board Committees 2016 155
Mar 09, 2016: Fortum and a group of households participate together in the balancing power market in an virtual power plant experiment first of its kind 156
Mar 02, 2016: Fortum receives letter of intent for 70MW solar PV project in India 157
Mar 01, 2016: Fortum completes its multi-year investment programme in Russia - Chelyabinsk GRES unit 2 commissioned 158
Feb 22, 2016: Valmet and Fortum: uniform EU-level sustainability criteria for bioenergy 159
Feb 19, 2016: Fortum to reorganise its business structure as of 1 April 2016 160
Feb 17, 2016: Solidification plant for Fortum's Loviisa power plants liquid radioactive waste starts operation 163
Feb 12, 2016: Fortums new bio-fuelled CHP plant in Stockholm in final testing phase before commissioning 164
Feb 03, 2016: Fortum targets to lower the fixed cost base of current operations by EUR 100 million 165
Feb 03, 2016: Low electricity prices and write-downs burdened continuing results Dividend proposal EUR 1.10 per share 166
Feb 03, 2016: Fortums new vision and strategic cornerstones; updated financial targets 170
Jan 20, 2016: Fortums fourth quarter net profit will be impacted negatively by approx. EUR 185 million due to one-time impairments and provisions as well as fair value changes in derivatives 172
Jan 04, 2016: A good and safe production year 2015 at Fortums Loviisa nuclear power plant sizeable investment programme progressed as planned 173
Appendix 174
Methodology 174
About GlobalData 174
Contact Us 174
Disclaimer 174

List of Tables
Fortum Corporation, Power, Key Facts, 2016 1
Fortum Corporation, Power, Deals Summary, 2011 to YTD 2017 1
Fortum Corporation, Power, Deals By Year, 2011 to YTD 2017 9
Fortum Corporation, Power Deals By Type, 2011 to YTD 2017 10
Fortum Corporation, Power, Deals By Region, 2011 to YTD 2017 11
Fortum Corporation, Deals By Sector, 2011 to YTD 2017 12
Fortum Corporation, Power, Deals Summary, 2011 to YTD 2017 13
Fortum to Acquire Electricity Retail Markets Business Area and Production business area of Hafslund 17
Fortum Acquires Three Wind Farms in Norway from Nordkraft 17
Fortum India Plans to Acquire Hydro Power Assets in India 18
Fortum To Acquire District Heat Operations Of Erakute In Estonia For US$9.2 Million 19
Fortum to Invest USD112.6 Million in Solberg Wind Power Plant in Vasternorrland County, Sweden 20
Fortum May Acquire Minority Stakes in Solar Power Plants in India from SunEdison 20
Fortum Generation Acquires Solberg Wind Farm in Sweden from Arise 21
Fortum to Invest USD71 Million in Wind Farm in Ulyanovsk, Russia 22
Fortum to Acquire Additional Interest in Hydro Power Portfolio of TGC-1 from Gazprom Energoholding 22
Fortum Acquires Solar Power Plant In India 23
Lietuvos Energijos And Fortum To Invest US$263.4 Million In Cogeneration Power Plant In Vilnius, Lithuania 23
Fortum Heat To Invest US$258.4 Million In Cogeneration Power Project In Kaunsas County, Lithuania 24
Fortum And Seabased To Build US$33 Million Wave Power Project In Sotenas, Sweden 24
Fortum To Build Two Biofuel-Fired CHP Plants In Finland And Latvia 25
Fortum Invests US$110 Million For Parnu Combined Heat And Power Plant, Estonia 25
Fortum Varme Completes Project Financing of USD70.5 Million for Refinancing of Stockholm Biomass Power Plant in Sweden 26
Fortum Varme Completes Project Financing of USD352.5 Million for Stockholm Biomass Power Plant in Sweden 26
Fortum Plans Project Financing Of US$300 Million For Solar Power Plant In Russia 27
Fortum Finnsurya Energy Receives a Grant of USD1.3 Million for Kapeli Solar Power Plant in Madhya Pradesh, India 27
AW-Energy Raises US$9 Million In Venture Financing Round 28
EQT Infrastructure Completes Acquisition Of Fortum Energiaratkaisut And Fortum Termest For US$261 Million 29
Fortum to Form Joint Venture with Rusnano 30
Fortum Plans to Form Partnership with Jakarta Propertindo 31
Fortum Invests USD5.5 Million in Exeger Sweden 31
Fortum Completes Private Placement Of 2.75% Bonds Due 2018 For US$180 Million 32
Fortum Completes Private Placement Of Bonds Due 2018 For US$313 Million 33
Fortum Completes Public Offering Of 2.25% Bonds Due 2022 For US$1.25 Billion 33
Fortum Completes Private Placement Of Bonds Due 2017 For US$148.2 Million 34
Fortum Completes Private Placement Of 3.25% Bonds Due 2017 For US$259.4 Million 35
Fortum Completes Public Offering Of 4% Eurobonds Due 2021 For US$708.6 Million 36
SIBUR Acquires Tobolsk Combined Heat and Power Plant in Tyumen Oblast, Russia from Fortum 36
Ineos Industries to Acquire Grangemouth CHP Plant in Scotland from Fortum for USD87.4 Million 37
Impax Asset Management Acquires Joukhaisselka Wind Farm In Finland From Fortum And Metsahallitus 38
Impax Asset Management Completes Acquisition Of Kuolavaara-Keulakkopaa Wind Farm In Finland From Fortum And Metsahallitus 39
Fortum Sells Kauttua Combined Heat And Power Plant To Adven 40
Stora Enso Acquires Enocell Pulp Mill's Power Plant From Fortum Power For US$21.8 Million 41
Adven Acquires Kuusamo Combined Heat And Power Plant In Finland From Fortum 41
Fortum Plans To Sell Norway Power Grid Distribution Business 42
Fortum Plans To Sell Sweden Power Grid Business 43
Fortum To Sell Portfolio Of Hydro Power Plants To Orsa Besparingsskog 44
TSME To Acquire Stake In Fortum Heat Naantali From Fortum 44
City of Oslo to Acquire 34.1% Stake in Hafslund from Fortum for USD795 Million 45
Fortum Completes Acquisition of 81% Stake in Ekokem from Finland, Association of Finnish Local and Regional Authorities, Ilmarinen and Helsinki Region Environmental Services for USD525.3 Million 46
Fortum Acquires Grupa Duon in Tender Offer 47
Consortium Completes Acquisition of Fortum Distribution from Fortum for USD7.03 Billion 48
Fortum May Acquire 66% Stake in Slovenske elektrarne from Enel Produzione for USD3.23 Billion 49
Fortum Acquires 13.6% Interest in Wello, Manufacturer of Ocean Wave Energy Converters 50
iCON Infrastructure Completes Acquisition of Fortum fjernvarme from Fortum for USD192.7 Million 51
Hafslund Acquires Fortum Distribution from Fortum for USD275.3 Million 52
Hafslund To Acquire Fortum Power and Heat From Fortum For US$61 Million 53
Suomi Power Networks Completes Acquisition Of Fortum Espoo Distribution And Fortum Sahkonsiirto From Fortum For US$3.51 Billion 54
E.ON To Acquire Remaining 30% Interest In Karlshamns Kraft From Fortum 55
Fortum To Sell 50% Stake In Riihimaen Kaukolampo For US$15 Million 56
Jamtkraf Acquires 18.7% Interest in Dala Kraft 57
Fortum To Sell 24.5% Stake In Ishavskraft To Kraftlag, Ymber, Repvag Kraftlag, Luostejok Kraftlag, And Troms Kraft 57
Fortum Acquires Elektrocieplownia Zabrze And Zespol Elektrocieplowni 58
Fortum Corporation, Key Competitors 60
Fortum Corporation, Key Employees 61
Fortum Corporation, Other Locations 62
Fortum Corporation, Subsidiaries 63

List of Figures
Fortum Corporation, Power, Deals by Type, 2011 to YTD 2017 1
Fortum Corporation, Power, Deals By Year, 2011 to YTD 2017 1
Fortum Corporation, Power, Deals By Region, 2011 to YTD 2017 1
Fortum Corporation, Power, Deals By Sector, 2011 to YTD 2017 1
Fortum Corporation, Power, Deals By Year, 2011 to YTD 2017 9
Fortum Corporation, Power, Deals by Type, 2011 to YTD 2017 10
Fortum Corporation, Power, Deals By Region, 2011 to YTD 2017 11
Fortum Corporation, Power, Deals by Sector, 2011 to YTD 2017 12


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