Fortum

Finnish energy company

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February 2024 Fortum launched arbitration proceedings against Russia, seeking compensation for assets seized by Russian authorities.
July 2023 Russia announced a change of the Russian business name to Forward Energo.
April 2023 Fortum's Russian assets were transferred under external management by decree of the President of Russia, resulting in the company writing off assets from the balance sheet and recording a loss of 1.7 billion euros.
September 21 2022 Fortum announced the full divestment of Uniper to the German state. Under the agreement, Uniper was nationalized for 8 billion euros, with the German state-owned KfW bank providing additional liquidity support and planning to subscribe to 4.7 billion new shares at a nominal value of EUR 1.70 per share.
2021 Fortum owned the nuclear power plant in Loviisa, Finland, and held significant ownership stakes in multiple nuclear power plants in Sweden, including 43% of Oskarshamn Nuclear Power Plant and 22% of three Forsmark Nuclear Power Plants.
2021 Fortum owned or co-owned over 150 hydropower plants across Finland and Sweden, including significant plants on the Dalälven, Indalsälven, and Ljusnan rivers in central Sweden, and the Oulujoki, Kemijoki, and Vuoksi rivers in Finland.
2021 Fortum sold its business in Estonia, Latvia and Lithuania to Partners Group.
2020 Fortum, through Uniper, opened the Dateln4 coal-fired power plant in Germany.
2020 Fortum sued the Netherlands based on the Energy Charter Treaty over a coal ban.
2020 Fortum completed the demolition of the Ingå coal power plant, further demonstrating its commitment to moving away from coal-based energy production.
2020 Fortum and Kværner announced cooperation on a Carbon capture and storage project for waste incineration at Klemetsrud energigjenvinningsanlegg.
March 2020 Uniper became Fortum's subsidiary.
2019 A report backed by major European environmental groups claimed Fortum would become one of the EU's worst greenhouse gas emitters after acquiring Uniper.
2017 Fortum connected the 100 MW plant in Pavagada solar park to the grid, which was the first of a series of planned gigawatt-scale plants in India.
September 2017 Fortum announced its plan to buy E.ON's 47% stake in German power company Uniper.
2016 Fortum acquired Grupa DUON S.A, an electricity and gas sales company in Poland, and Ekokem Corporation, a leading Nordic circular economy company.
2015 Fortum connected its first greenfield solar park under the Jawaharlal Nehru National Solar Mission (JNNSM) Phase II initiative in Madhya Pradesh.
2015 Fortum completed the divestment of its electricity distribution network in Sweden.
2014 Fortum achieved the largest market share of ecolabelled electricity in Finland.
2014 Fortum closed its 1,000 MW coal power plant located at Ingå, Finland, marking a significant step in the company's energy transition strategy.
2014 Fortum sold its Norwegian electricity distribution network and stakes in Fredrikstad Energi and Fredrikstad Energi Nett to the Hafslund Group. The heat business was also sold to iCON Infrastructure Partners II, L.P. fund.
September 2013 Fortum signed an agreement with Rosatom and British Rolls-Royce Engines to develop nuclear power.
June 2013 Fortum acquired a 5 MW solar power plant in the state of Rajasthan, India.
2012 Fortum shared the number one position in the Carbon Disclosure Project's Nordic climate index.
2011 Fortum sold its 25% stake in the Finnish transmission system operator Fingrid.

This contents of the box above is based on material from the Wikipedia article Fortum, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.

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