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Press release

Fortum completes the acquisition of ABO Energy's development portfolio in Finland

Fortum

FORTUM CORPORATION INVESTOR NEWS 28 NOVEMBER 2025 AT 15:00 EET

Fortum has today completed the acquisition of a project development portfolio from the German renewables developer and constructor ABO Energy. The acquired portfolio includes approximately 4.4 GW of onshore wind development projects at various stages in Finland. The transaction was announced on 23 July.

The purchase price of approximately EUR 40 million on a debt-and-cash-free basis was paid at closing. In addition to the purchase price, the transaction includes earn-outs which will be paid subject to projects successfully reaching a final investment decision in the future. The estimated total purchase price including future earn-outs is approximately EUR 65 million. No investment commitments have been made, and any investment decision will depend on power market conditions with special focus on power demand development from the industrial sector.

This acquisition strengthens Fortum's development pipeline for renewable power as the company prepares for future growth by developing ready-to-build projects in the Nordic countries. Fortum's pipeline of onshore wind and solar projects in the permit process across the Nordic countries now reaches approximately 8 GW, with more projects in early development.

Fortum Corporation

Ingela Ulfves
Vice President, Investor Relations and Financial Communications

Further information:

Investors and analysts:
Ingela Ulfves, Vice President, Investor Relations and Financial Communications, tel. +358 40 515 1531
Rauno Tiihonen, Director, Investor Relations, tel. +358 10 453 6150
Siri Markula, Director, Investor Relations and Financial Communications, tel. +358 40 743 2177

Media:
Fortum News Desk, tel. +358 40 198 2843

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