Fortum, Google sign 22-year nuclear PPA for up to 50% of Loviisa plant capacity
Supply timeline and financial impact
Supply starts in 2028 at lower volumes, rising to 50% of capacity across 2030-2049.
Fortum expects the deal to lift group comparable return on net assets by about 1.4 percentage points over time.
Memorandum of understanding covers broader cooperation
An MoU adds joint work on new nuclear, renewables, flexibility solutions and portfolio services, including optimization of a 94 MW battery near Kajaani.
Fortum enters 22-year nuclear power purchase agreement with Google
Fortum entered a strategic partnership with Google in Finland built around a 22-year nuclear power purchase agreement.
The PPA underpins Loviisa’s lifetime extension to 2050 by contracting up to 50% of the plant’s capacity.
