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

 Published On: Mar, 2017 |    No of Pages: 153 |  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) - 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 2
List of Tables 5
List of Figures 7
Fortum Corporation, Power, Deals By Year, 2011 to YTD 2017 8
Fortum Corporation, Power Deals By Type, 2011 to YTD 2017 9
Fortum Corporation, Power, Deals By Region, 2011 to YTD 2017 10
Fortum Corporation, Power, Deals By Sector, 2011 to YTD 2017 11
Fortum Corporation, Power, Deals Summary, 2011 to YTD 2017 12
Fortum Corporation, Power, Deal Details 16
Asset Purchase 16
Fortum Acquires Three Wind Farms in Norway from Nordkraft 16
Fortum India Plans to Acquire Hydro Power Assets in India 17
Fortum To Acquire District Heat Operations Of Erakute In Estonia For US$9.2 Million 17
Fortum to Invest USD112.6 Million in Solberg Wind Power Plant in Vasternorrland County, Sweden 18
Fortum May Acquire Minority Stakes in Solar Power Plants in India from SunEdison 18
Fortum Generation Acquires Solberg Wind Farm in Sweden from Arise 19
Fortum to Invest USD71 Million in Wind Farm in Ulyanovsk, Russia 20
Fortum to Acquire Additional Interest in Hydro Power Portfolio of TGC-1 from Gazprom Energoholding 20
Fortum Acquires Solar Power Plant In India 21
Lietuvos Energijos And Fortum To Invest US$263.4 Million In Cogeneration Power Plant In Vilnius, Lithuania 22
Fortum Heat To Invest US$258.4 Million In Cogeneration Power Project In Kaunsas County, Lithuania 22
Fortum And Seabased To Build US$33 Million Wave Power Project In Sotenas, Sweden 23
Fortum To Build Two Biofuel-Fired CHP Plants In Finland And Latvia 23
Fortum Invests US$110 Million For Parnu Combined Heat And Power Plant, Estonia 24
Fortum Varme Completes Project Financing of USD70.5 Million for Refinancing of Stockholm Biomass Power Plant in Sweden 24
Fortum Varme Completes Project Financing of USD352.5 Million for Stockholm Biomass Power Plant in Sweden 25
Fortum Plans Project Financing Of US$300 Million For Solar Power Plant In Russia 25
Fortum Finnsurya Energy Receives a Grant of USD1.3 Million for Kapeli Solar Power Plant in Madhya Pradesh, India 26
Venture Financing 26
AW-Energy Raises US$9 Million In Venture Financing Round 26
Private Equity 27
EQT Infrastructure Completes Acquisition Of Fortum Energiaratkaisut And Fortum Termest For US$261 Million 27
Partnerships 28
Fortum Plans to Form Partnership with Jakarta Propertindo 28
Equity Offering 29
Fortum Invests USD5.5 Million in Exeger Sweden 29
Debt Offering 29
Fortum Completes Private Placement Of Bonds Due 2018 For US$313 Million 29
Fortum Completes Private Placement Of 2.75% Bonds Due 2018 For US$180 Million 30
Fortum Completes Public Offering Of 2.25% Bonds Due 2022 For US$1.25 Billion 31
Fortum Completes Private Placement Of 3.25% Bonds Due 2017 For US$259.4 Million 32
Fortum Completes Private Placement Of Bonds Due 2017 For US$148.2 Million 32
Fortum Completes Public Offering Of 4% Eurobonds Due 2021 For US$708.6 Million 33
Asset Transactions 34
SIBUR Acquires Tobolsk Combined Heat and Power Plant in Tyumen Oblast, Russia from Fortum 34
Ineos Industries to Acquire Grangemouth CHP Plant in Scotland from Fortum for USD87.4 Million 35
Impax Asset Management Acquires Joukhaisselka Wind Farm In Finland From Fortum And Metsahallitus 36
Impax Asset Management Completes Acquisition Of Kuolavaara-Keulakkopaa Wind Farm In Finland From Fortum And Metsahallitus 37
Wpd Europe Acquires Tohkoja Wind Farm in Northern Ostrobothnia, Finland From Fortum 38
Fortum Sells Kauttua Combined Heat And Power Plant To Adven 38
Stora Enso Acquires Enocell Pulp Mill's Power Plant From Fortum Power For US$21.8 Million 39
Adven Acquires Kuusamo Combined Heat And Power Plant In Finland From Fortum 39
Fortum Plans To Sell Sweden Power Grid Business 40
Fortum Plans To Sell Norway Power Grid Distribution Business 41
Fortum To Sell Portfolio Of Hydro Power Plants To Orsa Besparingsskog 42
TSME To Acquire Stake In Fortum Heat Naantali From Fortum 42
Acquisition 43
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 43
Fortum Acquires Grupa Duon in Tender Offer 44
Consortium Completes Acquisition of Fortum Distribution from Fortum for USD7.03 Billion 45
Fortum May Acquire 66% Stake in Slovenske elektrarne from Enel Produzione for USD3.23 Billion 46
Fortum Acquires 13.6% Interest in Wello, Manufacturer of Ocean Wave Energy Converters 47
iCON Infrastructure Completes Acquisition of Fortum fjernvarme from Fortum for USD192.7 Million 48
Hafslund Acquires Fortum Distribution from Fortum for USD275.3 Million 49
Hafslund To Acquire Fortum Power and Heat From Fortum For US$61 Million 50
Suomi Power Networks Completes Acquisition Of Fortum Espoo Distribution And Fortum Sahkonsiirto From Fortum For US$3.51 Billion 51
E.ON To Acquire Remaining 30% Interest In Karlshamns Kraft From Fortum 52
Fortum To Sell 50% Stake In Riihimaen Kaukolampo For US$15 Million 53
Jamtkraf Acquires 18.7% Interest in Dala Kraft 54
Fortum To Sell 24.5% Stake In Ishavskraft To Kraftlag, Ymber, Repvag Kraftlag, Luostejok Kraftlag, And Troms Kraft 55
Fortum Acquires Elektrocieplownia Zabrze And Zespol Elektrocieplowni 55
Fortum Corporation - Key Competitors 57
Key Employees 58
Locations And Subsidiaries 59
Head Office 59
Other Locations & Subsidiaries 59
Recent Developments 64
Mar 20, 2017: Mikael Ronnblad appointed Executive Vice President, Consumer Solutions 64
Mar 16, 2017: KKJ to build Kaunas waste-to-energy power plant in Lithuania 65
Mar 13, 2017: Fortum, Futurice developing new concept for solar energy companies 66
Mar 06, 2017: Vestas to supply turbines for 50MW order in Norway 67
Mar 06, 2017: Fortum set to commence construction of Anstadblaheia wind farm in Norway 68
Mar 01, 2017: Fortum commissions 2MW battery at Jarvenpaa power plant in Finland 69
Feb 16, 2017: Fortum's Operating and Financial Review and Financial Statements 2016 published 70
Feb 08, 2017: Changes in Fortum's Executive Management and organisation structure 72
Feb 07, 2017: STUK approves periodic safety assessment of Fortum's Loviisa power plant 73
Feb 02, 2017: Fortum 2016 Financial Statement Bulletin 74
Jan 23, 2017: Change of Fortum Corporation's trading and issuer codes 77
Jan 23, 2017: Fortum changes trading and issuer codes 78
Jan 20, 2017: Fortum and Bonava to develop solutions for smart living 79
Jan 10, 2017: Amec Foster Wheeler to work on simulator to validate ITER reactor and train operators 80
Jan 03, 2017: A successful and safe production year 2016 at Fortum's Loviisa nuclear power plant - electricity generation capacity increased by 12 MW 81
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 82
Dec 16, 2016: Fortum is looking into possible cooperation to construct waste-to-energy plant in Indonesia 83
Dec 02, 2016: Fortum will appeal Swedish tax authority decision on additional tax for 2014 84
Dec 01, 2016: Fortum invests in breakthrough solar technology manufacturer Exeger 85
Nov 30, 2016: The favourable decision granted to Fortum on Belgian financing company taxation remains in force 86
Nov 24, 2016: Rusnano, Fortum sign deal to develop wind projects in Russia 87
Nov 21, 2016: Fortum and Ericsson sign collaboration agreement on utilising data centre's waste heat for district heating 88
Nov 16, 2016: Fortum announces growth strategy for first phase of 2016-2017 89
Oct 26, 2016: Fortum receives high rating by CDP for climate actions 90
Oct 25, 2016: Fortum Interim Report January-September 2016: Low hydro production volumes affected seasonally weak quarter 91
Oct 24, 2016: Fortum uses Sonera's new data center waste heat for district heating 99
Oct 20, 2016: Fortum and Taaleri invest in Chempolis 100
Oct 18, 2016: Fortum's Chelyabinsk GRES inaugurated in Russia - multi-year investment programme completed 101
Oct 11, 2016: Fortum's annual outage 2016 at Loviisa nuclear power plant completed 102
Aug 17, 2016: Fortum to operate and maintain Tees Renewable Energy plant in UK 103
Aug 05, 2016: Annual outage 2016 to begin at Fortum's Loviisa nuclear power plant 104
Jul 20, 2016: Fortum Interim Report January-June 2016 105
Jul 03, 2016: Fortum looks to spend in greenfield solar energy projects in India 118
Jun 17, 2016: Fortum signs a new EUR 1.75 billion revolving loan facility 119
Jun 14, 2016: Cornerstone laid at Fortum's new combined heat and power plant in Zabrze, Poland 120
Jun 14, 2016: Construction of CHP Zabrze started 121
May 20, 2016: Three Nordic utilities call for action to strengthen the EU carbon market 122
May 16, 2016: Finnish Administrative Court confirms the favourable decision granted to Fortum on Belgian financing company taxation 123
Apr 29, 2016: Fortum to appeal income tax decisions made by the Swedish Administrative Court regarding years 20092012 124
Apr 28, 2016: Fortum Interim Report January-March 2016: Satisfactory results, considering continuously weak power prices 125
Apr 26, 2016: Saft to deliver Li-ion battery system for electricity storage pilot project in Nordic countries 129
Apr 22, 2016: Fortum continues its virtual power plant experiment with the launch of the biggest Nordic electricity storage pilot project 130
Apr 19, 2016: Fortum calls for EU-level sustainability criteria and phase out of subsidies for biomass 131
Apr 15, 2016: Fortum to start building the Solberg windfarm in Sweden 132
Apr 12, 2016: Fortum's targets and next steps in solar 133
Apr 05, 2016: Fortum Corporation's Board Committees 2016 134
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 135
Mar 02, 2016: Fortum receives letter of intent for 70MW solar PV project in India 136
Mar 01, 2016: Fortum completes its multi-year investment programme in Russia - Chelyabinsk GRES unit 2 commissioned 137
Feb 22, 2016: Valmet and Fortum: uniform EU-level sustainability criteria for bioenergy 138
Feb 19, 2016: Fortum to reorganise its business structure as of 1 April 2016 139
Feb 17, 2016: Solidification plant for Fortum's Loviisa power plant's liquid radioactive waste starts operation 142
Feb 12, 2016: Fortum's new bio-fuelled CHP plant in Stockholm in final testing phase before commissioning 143
Feb 03, 2016: Fortum targets to lower the fixed cost base of current operations by EUR 100 million 144
Feb 03, 2016: Low electricity prices and write-downs burdened continuing results - Dividend proposal EUR 1.10 per share 145
Feb 03, 2016: Fortum's new vision and strategic cornerstones; updated financial targets 149
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 151
Jan 04, 2016: A good and safe production year 2015 at Fortum's Loviisa nuclear power plant - sizeable investment programme progressed as planned 152
Appendix 153
Methodology 153
About GlobalData 153
Contact Us 153
Disclaimer 153

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 8
Fortum Corporation, Power Deals By Type, 2011 to YTD 2017 9
Fortum Corporation, Power, Deals By Region, 2011 to YTD 2017 10
Fortum Corporation, Deals By Sector, 2011 to YTD 2017 11
Fortum Corporation, Power, Deals Summary, 2011 to YTD 2017 12
Fortum Acquires Three Wind Farms in Norway from Nordkraft 16
Fortum India Plans to Acquire Hydro Power Assets in India 17
Fortum To Acquire District Heat Operations Of Erakute In Estonia For US$9.2 Million 17
Fortum to Invest USD112.6 Million in Solberg Wind Power Plant in Vasternorrland County, Sweden 18
Fortum May Acquire Minority Stakes in Solar Power Plants in India from SunEdison 18
Fortum Generation Acquires Solberg Wind Farm in Sweden from Arise 19
Fortum to Invest USD71 Million in Wind Farm in Ulyanovsk, Russia 20
Fortum to Acquire Additional Interest in Hydro Power Portfolio of TGC-1 from Gazprom Energoholding 20
Fortum Acquires Solar Power Plant In India 21
Lietuvos Energijos And Fortum To Invest US$263.4 Million In Cogeneration Power Plant In Vilnius, Lithuania 22
Fortum Heat To Invest US$258.4 Million In Cogeneration Power Project In Kaunsas County, Lithuania 22
Fortum And Seabased To Build US$33 Million Wave Power Project In Sotenas, Sweden 23
Fortum To Build Two Biofuel-Fired CHP Plants In Finland And Latvia 23
Fortum Invests US$110 Million For Parnu Combined Heat And Power Plant, Estonia 24
Fortum Varme Completes Project Financing of USD70.5 Million for Refinancing of Stockholm Biomass Power Plant in Sweden 24
Fortum Varme Completes Project Financing of USD352.5 Million for Stockholm Biomass Power Plant in Sweden 25
Fortum Plans Project Financing Of US$300 Million For Solar Power Plant In Russia 25
Fortum Finnsurya Energy Receives a Grant of USD1.3 Million for Kapeli Solar Power Plant in Madhya Pradesh, India 26
AW-Energy Raises US$9 Million In Venture Financing Round 26
EQT Infrastructure Completes Acquisition Of Fortum Energiaratkaisut And Fortum Termest For US$261 Million 27
Fortum Plans to Form Partnership with Jakarta Propertindo 28
Fortum Invests USD5.5 Million in Exeger Sweden 29
Fortum Completes Private Placement Of Bonds Due 2018 For US$313 Million 29
Fortum Completes Private Placement Of 2.75% Bonds Due 2018 For US$180 Million 30
Fortum Completes Public Offering Of 2.25% Bonds Due 2022 For US$1.25 Billion 31
Fortum Completes Private Placement Of 3.25% Bonds Due 2017 For US$259.4 Million 32
Fortum Completes Private Placement Of Bonds Due 2017 For US$148.2 Million 32
Fortum Completes Public Offering Of 4% Eurobonds Due 2021 For US$708.6 Million 33
SIBUR Acquires Tobolsk Combined Heat and Power Plant in Tyumen Oblast, Russia from Fortum 34
Ineos Industries to Acquire Grangemouth CHP Plant in Scotland from Fortum for USD87.4 Million 35
Impax Asset Management Acquires Joukhaisselka Wind Farm In Finland From Fortum And Metsahallitus 36
Impax Asset Management Completes Acquisition Of Kuolavaara-Keulakkopaa Wind Farm In Finland From Fortum And Metsahallitus 37
Wpd Europe Acquires Tohkoja Wind Farm in Northern Ostrobothnia, Finland From Fortum 38
Fortum Sells Kauttua Combined Heat And Power Plant To Adven 38
Stora Enso Acquires Enocell Pulp Mill's Power Plant From Fortum Power For US$21.8 Million 39
Adven Acquires Kuusamo Combined Heat And Power Plant In Finland From Fortum 39
Fortum Plans To Sell Sweden Power Grid Business 40
Fortum Plans To Sell Norway Power Grid Distribution Business 41
Fortum To Sell Portfolio Of Hydro Power Plants To Orsa Besparingsskog 42
TSME To Acquire Stake In Fortum Heat Naantali From Fortum 42
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 43
Fortum Acquires Grupa Duon in Tender Offer 44
Consortium Completes Acquisition of Fortum Distribution from Fortum for USD7.03 Billion 45
Fortum May Acquire 66% Stake in Slovenske elektrarne from Enel Produzione for USD3.23 Billion 46
Fortum Acquires 13.6% Interest in Wello, Manufacturer of Ocean Wave Energy Converters 47
iCON Infrastructure Completes Acquisition of Fortum fjernvarme from Fortum for USD192.7 Million 48
Hafslund Acquires Fortum Distribution from Fortum for USD275.3 Million 49
Hafslund To Acquire Fortum Power and Heat From Fortum For US$61 Million 50
Suomi Power Networks Completes Acquisition Of Fortum Espoo Distribution And Fortum Sahkonsiirto From Fortum For US$3.51 Billion 51
E.ON To Acquire Remaining 30% Interest In Karlshamns Kraft From Fortum 52
Fortum To Sell 50% Stake In Riihimaen Kaukolampo For US$15 Million 53
Jamtkraf Acquires 18.7% Interest in Dala Kraft 54
Fortum To Sell 24.5% Stake In Ishavskraft To Kraftlag, Ymber, Repvag Kraftlag, Luostejok Kraftlag, And Troms Kraft 55
Fortum Acquires Elektrocieplownia Zabrze And Zespol Elektrocieplowni 55
Fortum Corporation, Key Competitors 57
Fortum Corporation, Key Employees 58
Fortum Corporation, Other Locations 59
Fortum Corporation, Subsidiaries 60

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 8
Fortum Corporation, Power, Deals by Type, 2011 to YTD 2017 9
Fortum Corporation, Power, Deals By Region, 2011 to YTD 2017 10
Fortum Corporation, Power, Deals by Sector, 2011 to YTD 2017 11


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