Fortum signs 22-year nuclear power supply deal with Google in Finland
Expected effect on returns
The PPA is expected to lift group comparable RONA by about 1.4 percentage points over time once 50% capacity is contracted.
Deal supports Loviisa life-extension investments
The agreement underpins life-extension and uprate investments to keep Loviisa operating through 2050. Fortum is targeting about EUR 1 billion in projects.
About 80% of required projects, representing EUR 700 million of capex, still lack investment decisions.
Fortum signs long-term power purchase agreement with Google
Fortum signed a 22-year power purchase agreement with Google tied to the Loviisa nuclear plant in Finland.
The contract covers up to 50% of Loviisa capacity, ramping from 2028, and reaching 50% coverage in 2030-2049.
