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

 Published On: Aug, 2017 |    No of Pages: 202 |  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 Company's (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 company's 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 3
List of Tables 7
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 16
Asset Purchase 16
Fortum to Acquire Electricity Retail Markets Business Area and Production business area of Hafslund 16
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 21
Fortum Generation Acquires Solberg Wind Farm in Sweden from Arise 22
Fortum to Invest USD71 Million in Wind Farm in Ulyanovsk, Russia 23
Fortum to Acquire Additional Interest in Hydro Power Portfolio of TGC-1 from Gazprom Energoholding 24
Fortum Acquires Solar Power Plant In India 25
Fortum Heat To Invest US$258.4 Million In Cogeneration Power Project In Kaunsas County, Lithuania 26
Fortum And Seabased To Build US$33 Million Wave Power Project In Sotenas, Sweden 27
Fortum To Build Two Biofuel-Fired CHP Plants In Finland And Latvia 28
Fortum Invests US$110 Million For Parnu Combined Heat And Power Plant, Estonia 29
Fortum Varme Completes Project Financing of USD70.5 Million for Refinancing of Stockholm Biomass Power Plant in Sweden 30
Fortum Varme Completes Project Financing of USD352.5 Million for Stockholm Biomass Power Plant in Sweden 31
Fortum Plans Project Financing Of US$300 Million For Solar Power Plant In Russia 32
Fortum Finnsurya Energy Receives a Grant of USD1.3 Million for Kapeli Solar Power Plant in Madhya Pradesh, India 33
Venture Financing 34
AW-Energy Raises US$9 Million In Venture Financing Round 34
Private Equity 36
EQT Infrastructure Completes Acquisition Of Fortum Energiaratkaisut And Fortum Termest For US$261 Million 36
Partnerships 37
Fortum to Form Joint Venture with Rusnano 37
Fortum Plans to Form Partnership with Jakarta Propertindo 38
Equity Offering 39
Fortum Invests USD5.5 Million in Exeger Sweden 39
Debt Offering 40
Fortum Completes Private Placement Of 2.75% Bonds Due 2018 For US$180 Million 40
Fortum Completes Private Placement Of Bonds Due 2018 For US$313 Million 41
Fortum Completes Public Offering Of 2.25% Bonds Due 2022 For US$1.25 Billion 42
Fortum Completes Private Placement Of Bonds Due 2017 For US$148.2 Million 43
Fortum Completes Private Placement Of 3.25% Bonds Due 2017 For US$259.4 Million 44
Fortum Completes Public Offering Of 4% Eurobonds Due 2021 For US$708.6 Million 45
Asset Transactions 46
SIBUR Acquires Tobolsk Combined Heat and Power Plant in Tyumen Oblast, Russia from Fortum 46
Ineos Industries to Acquire Grangemouth CHP Plant in Scotland from Fortum for USD87.4 Million 47
Impax Asset Management Acquires Joukhaisselka Wind Farm In Finland From Fortum And Metsahallitus 48
Impax Asset Management Completes Acquisition Of Kuolavaara-Keulakkopaa Wind Farm In Finland From Fortum And Metsahallitus 49
Fortum Sells Kauttua Combined Heat And Power Plant To Adven 50
Stora Enso Acquires Enocell Pulp Mill's Power Plant From Fortum Power For US$21.8 Million 51
Adven Acquires Kuusamo Combined Heat And Power Plant In Finland From Fortum 52
Fortum Plans To Sell Norway Power Grid Distribution Business 53
Fortum Plans To Sell Sweden Power Grid Business 54
Fortum To Sell Portfolio Of Hydro Power Plants To Orsa Besparingsskog 55
TSME To Acquire Stake In Fortum Heat Naantali From Fortum 56
Acquisition 57
Oslo Energi to Acquire Hafslund 57
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 58
Fortum Acquires Grupa Duon in Tender Offer 60
Consortium Completes Acquisition of Fortum Distribution from Fortum for USD7.03 Billion 61
Fortum May Acquire 66% Stake in Slovenske elektrarne from Enel Produzione for USD3.23 Billion 62
Fortum Acquires 13.6% Interest in Wello, Manufacturer of Ocean Wave Energy Converters 63
iCON Infrastructure Completes Acquisition of Fortum fjernvarme from Fortum for USD192.7 Million 64
Hafslund Acquires Fortum Distribution from Fortum for USD275.3 Million 65
Hafslund To Acquire Fortum Power and Heat From Fortum For US$61 Million 66
Suomi Power Networks Completes Acquisition Of Fortum Espoo Distribution And Fortum Sahkonsiirto From Fortum For US$3.51 Billion 67
E.ON To Acquire Remaining 30% Interest In Karlshamns Kraft From Fortum 69
Fortum To Sell 50% Stake In Riihimaen Kaukolampo For US$15 Million 70
Jamtkraf Acquires 18.7% Interest in Dala Kraft 71
Fortum To Sell 24.5% Stake In Ishavskraft To Kraftlag, Ymber, Repvag Kraftlag, Luostejok Kraftlag, And Troms Kraft 72
Fortum Acquires Elektrocieplownia Zabrze And Zespol Elektrocieplowni 73
Fortum Corporation - Key Competitors 74
Fortum Corporation - Key Employees 75
Fortum Corporation - Locations And Subsidiaries 76
Head Office 76
Other Locations & Subsidiaries 76
Affiliate 80
Recent Developments 81
Aug 03, 2017: Annual outage 2017 to begin at Fortum's Loviisa nuclear power plant 81
Aug 01, 2017: Leading Clean-Energy Company Selects M-Files to Manage Information and Automate Business Processes Associated with Power Plant Services 82
Jul 20, 2017: Fortum corporation half-year financial report january-june 2017. 83
Jul 14, 2017: New Swedish storage facility helps meet seasonal feedstock demand 91
Jul 03, 2017: Fortum received positive administrative court decision in Sweden on hydro production related real estate tax for the years 2009-2014 92
Jul 03, 2017: GE Renewable Energy and Fortum Sverige AB. sign Digital Hydro pilot agreement 93
Jun 30, 2017: Swedish Court of Appeal rules against Fortum in income tax case regarding the years 2009-2012 94
Jun 21, 2017: Fortum-RUSNANO wind investment fund chooses Vestas as wind turbine supplier in Russia 95
Jun 20, 2017: Three Nordic utilities propose mechanism to ensure policy coherence with the EU ETS 96
Jun 15, 2017: Fortum-RUSNANO wind investment fund has been awarded 1,000 MW wind capacity in Russian wind CSA auction 97
Jun 14, 2017: Fortum's latest Energy Review: Electricity retail market must be developed towards a customer-centric model 98
May 30, 2017: A 450 MW applications for wind power projects submitted for RES tender - 2017 in Russia 99
Apr 27, 2017: Fortum January-March 2017 Interim Report: Improved results in a demanding market - Russian EBIT target reached 100
Apr 20, 2017: Fortum to develop Estonia's first large-scale solar park 106
Apr 11, 2017: Fortum has published the restated comparison figures in accordance with the new organisational structure 107
Apr 07, 2017: Penguin wave energy starts generating electricity in UK 108
Apr 03, 2017: Fortum commissions 70MW solar project in India 109
Apr 03, 2017: Ekokem is now Fortum 110
Mar 30, 2017: City of Espoo and Fortum continue efforts towards making Espoo a low-carbon city 111
Mar 23, 2017: Climaveneta: Efficient heat waste recovery of a data center 112
Mar 20, 2017: Mikael Ronnblad appointed Executive Vice President, Consumer Solutions 113
Mar 16, 2017: KKJ to build Kaunas waste-to-energy power plant in Lithuania 114
Mar 13, 2017: Fortum, Futurice developing new concept for solar energy companies 115
Mar 06, 2017: Vestas to supply turbines for 50MW order in Norway 116
Mar 06, 2017: Fortum set to commence construction of Anstadblaheia wind farm in Norway 117
Mar 01, 2017: Fortum commissions 2MW battery at Jarvenpaa power plant in Finland 118
Feb 16, 2017: Fortum's Operating and Financial Review and Financial Statements 2016 published 119
Feb 08, 2017: Changes in Fortum's Executive Management and organisation structure 121
Feb 07, 2017: STUK approves periodic safety assessment of Fortum's Loviisa power plant 122
Feb 02, 2017: Fortum 2016 Financial Statement Bulletin 123
Jan 23, 2017: Change of Fortum Corporation's trading and issuer codes 126
Jan 23, 2017: Fortum changes trading and issuer codes 127
Jan 20, 2017: Fortum and Bonava to develop solutions for smart living 128
Jan 10, 2017: Amec Foster Wheeler to work on simulator to validate ITER reactor and train operators 129
Jan 03, 2017: A successful and safe production year 2016 at Fortum's Loviisa nuclear power plant - electricity generation capacity increased by 12 MW 130
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 131
Dec 16, 2016: Fortum is looking into possible cooperation to construct waste-to-energy plant in Indonesia 132
Dec 02, 2016: Fortum will appeal Swedish tax authority decision on additional tax for 2014 133
Dec 01, 2016: Fortum invests in breakthrough solar technology manufacturer Exeger 134
Nov 30, 2016: The favourable decision granted to Fortum on Belgian financing company taxation remains in force 135
Nov 24, 2016: Rusnano, Fortum sign deal to develop wind projects in Russia 136
Nov 21, 2016: Fortum and Ericsson sign collaboration agreement on utilising data centre's waste heat for district heating 137
Nov 16, 2016: Fortum announces growth strategy for first phase of 2016-2017 138
Oct 26, 2016: Fortum receives high rating by CDP for climate actions 139
Oct 25, 2016: Fortum Interim Report January-September 2016: Low hydro production volumes affected seasonally weak quarter 140
Oct 24, 2016: Fortum uses Sonera's new data center waste heat for district heating 148
Oct 20, 2016: Fortum and Taaleri invest in Chempolis 149
Oct 18, 2016: Fortum's Chelyabinsk GRES inaugurated in Russia - multi-year investment programme completed 150
Oct 11, 2016: Fortum's annual outage 2016 at Loviisa nuclear power plant completed 151
Aug 17, 2016: Fortum to operate and maintain Tees Renewable Energy plant in UK 152
Aug 05, 2016: Annual outage 2016 to begin at Fortum's Loviisa nuclear power plant 153
Jul 20, 2016: Fortum Interim Report January-June 2016 154
Jul 03, 2016: Fortum looks to spend in greenfield solar energy projects in India 167
Jun 17, 2016: Fortum signs a new EUR 1.75 billion revolving loan facility 168
Jun 14, 2016: Cornerstone laid at Fortum's new combined heat and power plant in Zabrze, Poland 169
Jun 14, 2016: Construction of CHP Zabrze started 170
May 20, 2016: Three Nordic utilities call for action to strengthen the EU carbon market 171
May 16, 2016: Finnish Administrative Court confirms the favourable decision granted to Fortum on Belgian financing company taxation 172
Apr 29, 2016: Fortum to appeal income tax decisions made by the Swedish Administrative Court regarding years 2009-2012 173
Apr 28, 2016: Fortum Interim Report January-March 2016: Satisfactory results, considering continuously weak power prices 174
Apr 26, 2016: Saft to deliver Li-ion battery system for electricity storage pilot project in Nordic countries 178
Apr 22, 2016: Fortum continues its virtual power plant experiment with the launch of the biggest Nordic electricity storage pilot project 179
Apr 19, 2016: Fortum calls for EU-level sustainability criteria and phase out of subsidies for biomass 180
Apr 15, 2016: Fortum to start building the Solberg windfarm in Sweden 181
Apr 12, 2016: Fortum's targets and next steps in solar 182
Apr 05, 2016: Fortum Corporation's Board Committees 2016 183
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 184
Mar 02, 2016: Fortum receives letter of intent for 70MW solar PV project in India 185
Mar 01, 2016: Fortum completes its multi-year investment programme in Russia - Chelyabinsk GRES unit 2 commissioned 186
Feb 22, 2016: Valmet and Fortum: uniform EU-level sustainability criteria for bioenergy 187
Feb 19, 2016: Fortum to reorganise its business structure as of 1 April 2016 188
Feb 17, 2016: Solidification plant for Fortum's Loviisa power plant's liquid radioactive waste starts operation 191
Feb 12, 2016: Fortum's new bio-fuelled CHP plant in Stockholm in final testing phase before commissioning 192
Feb 03, 2016: Fortum targets to lower the fixed cost base of current operations by EUR 100 million 193
Feb 03, 2016: Low electricity prices and write-downs burdened continuing results - Dividend proposal EUR 1.10 per share 194
Feb 03, 2016: Fortum's new vision and strategic cornerstones; updated financial targets 198
Jan 20, 2016: Fortum's 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 200
Jan 04, 2016: A good and safe production year 2015 at Fortum's Loviisa nuclear power plant - sizeable investment programme progressed as planned 201
Appendix 202
Methodology 202
About GlobalData 202
Contact Us 202
Disclaimer 202

List of Tables
Fortum Corporation, Power, Key Facts, 2016 2
Fortum Corporation, Power, Deals Summary, 2011 to YTD 2017 2
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 16
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 21
Fortum Generation Acquires Solberg Wind Farm in Sweden from Arise 22
Fortum to Invest USD71 Million in Wind Farm in Ulyanovsk, Russia 23
Fortum to Acquire Additional Interest in Hydro Power Portfolio of TGC-1 from Gazprom Energoholding 24
Fortum Acquires Solar Power Plant In India 25
Fortum Heat To Invest US$258.4 Million In Cogeneration Power Project In Kaunsas County, Lithuania 26
Fortum And Seabased To Build US$33 Million Wave Power Project In Sotenas, Sweden 27
Fortum To Build Two Biofuel-Fired CHP Plants In Finland And Latvia 28
Fortum Invests US$110 Million For Parnu Combined Heat And Power Plant, Estonia 29
Fortum Varme Completes Project Financing of USD70.5 Million for Refinancing of Stockholm Biomass Power Plant in Sweden 30
Fortum Varme Completes Project Financing of USD352.5 Million for Stockholm Biomass Power Plant in Sweden 31
Fortum Plans Project Financing Of US$300 Million For Solar Power Plant In Russia 32
Fortum Finnsurya Energy Receives a Grant of USD1.3 Million for Kapeli Solar Power Plant in Madhya Pradesh, India 33
AW-Energy Raises US$9 Million In Venture Financing Round 34
EQT Infrastructure Completes Acquisition Of Fortum Energiaratkaisut And Fortum Termest For US$261 Million 36
Fortum to Form Joint Venture with Rusnano 37
Fortum Plans to Form Partnership with Jakarta Propertindo 38
Fortum Invests USD5.5 Million in Exeger Sweden 39
Fortum Completes Private Placement Of 2.75% Bonds Due 2018 For US$180 Million 40
Fortum Completes Private Placement Of Bonds Due 2018 For US$313 Million 41
Fortum Completes Public Offering Of 2.25% Bonds Due 2022 For US$1.25 Billion 42
Fortum Completes Private Placement Of Bonds Due 2017 For US$148.2 Million 43
Fortum Completes Private Placement Of 3.25% Bonds Due 2017 For US$259.4 Million 44
Fortum Completes Public Offering Of 4% Eurobonds Due 2021 For US$708.6 Million 45
SIBUR Acquires Tobolsk Combined Heat and Power Plant in Tyumen Oblast, Russia from Fortum 46
Ineos Industries to Acquire Grangemouth CHP Plant in Scotland from Fortum for USD87.4 Million 47
Impax Asset Management Acquires Joukhaisselka Wind Farm In Finland From Fortum And Metsahallitus 48
Impax Asset Management Completes Acquisition Of Kuolavaara-Keulakkopaa Wind Farm In Finland From Fortum And Metsahallitus 49
Fortum Sells Kauttua Combined Heat And Power Plant To Adven 50
Stora Enso Acquires Enocell Pulp Mill's Power Plant From Fortum Power For US$21.8 Million 51
Adven Acquires Kuusamo Combined Heat And Power Plant In Finland From Fortum 52
Fortum Plans To Sell Norway Power Grid Distribution Business 53
Fortum Plans To Sell Sweden Power Grid Business 54
Fortum To Sell Portfolio Of Hydro Power Plants To Orsa Besparingsskog 55
TSME To Acquire Stake In Fortum Heat Naantali From Fortum 56
Oslo Energi to Acquire Hafslund 57
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 58
Fortum Acquires Grupa Duon in Tender Offer 60
Consortium Completes Acquisition of Fortum Distribution from Fortum for USD7.03 Billion 61
Fortum May Acquire 66% Stake in Slovenske elektrarne from Enel Produzione for USD3.23 Billion 62
Fortum Acquires 13.6% Interest in Wello, Manufacturer of Ocean Wave Energy Converters 63
iCON Infrastructure Completes Acquisition of Fortum fjernvarme from Fortum for USD192.7 Million 64
Hafslund Acquires Fortum Distribution from Fortum for USD275.3 Million 65
Hafslund To Acquire Fortum Power and Heat From Fortum For US$61 Million 66
Suomi Power Networks Completes Acquisition Of Fortum Espoo Distribution And Fortum Sahkonsiirto From Fortum For US$3.51 Billion 67
E.ON To Acquire Remaining 30% Interest In Karlshamns Kraft From Fortum 69
Fortum To Sell 50% Stake In Riihimaen Kaukolampo For US$15 Million 70
Jamtkraf Acquires 18.7% Interest in Dala Kraft 71
Fortum To Sell 24.5% Stake In Ishavskraft To Kraftlag, Ymber, Repvag Kraftlag, Luostejok Kraftlag, And Troms Kraft 72
Fortum Acquires Elektrocieplownia Zabrze And Zespol Elektrocieplowni 73
Fortum Corporation, Key Competitors 74
Fortum Corporation, Key Employees 75
Fortum Corporation, Other Locations 76
Fortum Corporation, Subsidiaries 77
Fortum Corporation, Affiliate 80

List of Figures
Fortum Corporation, Power, Deals by Type, 2011 to YTD 2017 2
Fortum Corporation, Power, Deals By Year, 2011 to YTD 2017 2
Fortum Corporation, Power, Deals By Region, 2011 to YTD 2017 2
Fortum Corporation, Power, Deals By Sector, 2011 to YTD 2017 2
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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