Fortum, Google sign 22-year nuclear PPA for up to 50% of Loviisa plant capacity

Reuters2026/09/09 07:01

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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.
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.
An MoU adds joint work on new nuclear, renewables, flexibility solutions, portfolio services, including optimization of a 94 MW battery near Kajaani.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fortum Oyj published the original content used to generate this news brief via Cision (Ref. ID: 20260909:BIT:8030:0) on September 09, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Fortum, Google sign 22-year nuclear PPA for up to 50% of Loviisa plant capacity

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