Fortum plans for industrial-scale solar park on southern Gotland

FORTUM CORPORATION ONLINE NEWS 25 AUGUST 2023

Fortum is investigating the possibility of an industrial-scale solar park in Havdhem on southern Gotland. The area covers 95 hectares and is estimated to have an installed capacity of approximately 90 MW.

In line with its strategy, Fortum is growing its solar power portfolio in the Nordic region. The company is now starting to develop a solar park in Havdhem on southern Gotland. The Alvret solar park will be Fortum's first industrial-scale solar project in Sweden. The company has an 80 MW solar power project under planning in Virolahti, Finland.

• Solar power plays an important role in the green transition and contributes to great climate benefits. We see significant potential for solar power in the Nordic region, and we are very pleased that we have now started our first industrial-scale solar power project in Sweden, says Toni Kekkinen, Head of Fortum's Solar and Wind Power business.

The permit process for a solar park in Sweden takes between 1-3 years and after a possible investment decisions the construction is expected to take about a year. It may take a few more years to take the solar park into operation due to the grid expansion required to connect the solar park to the regional grid.

• At Fortum, we are involved throughout the value chain, from planning, development, construction and through the solar park's lifetime of about 35 - 40 years. We look forward to a good, long-term cooperation with local residents and other local stakeholders, says Frida Moberg, project developer at Fortum.

Fortum Corporation

Communications

Further information:
Fortum News Desk, +358 40 198 2843, newsdesk[at] fortum[dot] com

Fortum 
Fortum is a Nordic energy company. Our purpose is to power a world where people, businesses and nature thrive together. We are one of the cleanest energy producers in Europe and our actions are guided by our ambitious environmental targets. We generate and deliver clean energy reliably and help industries to decarbonise their processes and grow. Our core operations in the Nordics comprise of efficient, CO2-free power generation as well as reliable supply of electricity and district heat to private and business customers. For our ~5 000 employees, we commit to be a safe, and inspiring workplace. Fortum's share is listed on Nasdaq Helsinki. fortum.com