2011–2021
In 2011, Fortum sold its 25% stake in the Finnish transmission system operator Fingrid.[9] In December 2013 Fortum announced the sale of its distribution network in Finland to Suomi Power Networks, owned by First State Investments (40%), Borealis Infrastructure (40%), Keva (12,5%) and LähiTapiola (7,5%).[10]
In 2012, Fortum shared the number one position in the Carbon Disclosure Project's Nordic climate index.[11]
In 2013, Fortum opened two new CHP utilities using waste as a fuel in Klaipėda, Lithuania,[12] and, Sweden[13] as well as new biomass-fuelled CHP plants in Jelgava, Latvia,[14] and Järvenpää, Finland.[15] In June, Fortum acquired a 5 MW solar power plant in the state of Rajasthan in India.[16] In September Fortum signed an agreement with Rosatom and Rolls-Royce to develop nuclear power.[17]
In 2014 Fortum sold its Norwegian electricity distribution network and also its stakes in Fredrikstad Energi and Fredrikstad Energi Nett to the Hafslund Group. The heat business was sold to iCON Infrastructure Partners II, L.P. fund.[18] Since 2015 the electrical distribution network in Sweden is owned by Ellevio.
In 2015 Fortum connected its first greenfield solar park, under the Jawaharlal Nehru National Solar Mission (JNNSM) Phase II initiative, in Madhya Pradesh.[19][20]
In 2015, Fortum completed the divestment of its electricity distribution network in Sweden, thus completing the divestment of electricity distribution business. In 2016, Fortum acquired Grupa DUON S.A, an electricity and gas sales company in Poland, and Ekokem Corporation, a leading Nordic circular economy company specialised in material and waste recycling, final disposal solutions, soil remediation and environmental construction.
In 2017, the 100 MW plant in Pavagada solar park was connected to the grid. It was the first of a series of planned gigawatt-scale plants facilitated by reverse auctions in India.[21] In September, Fortum announced it would buy E.ON's 47% stake in German power company Uniper.[22] Fortum increased its stake to 75% in spring 2020.[23] Uniper mainly uses oil, natural gas and coal to supply electricity.[24]
In 2020 Fortum and Kværner informed that they would cooperate on a Carbon capture and storage project for waste incineration at Klemetsrud energigjenvinningsanlegg.[25]
In 2020 Fortum was the biggest company in Finland by its revenue.[26] The majority of its income came from Uniper[27] that became Fortum's subsidiary in March 2020.[28]
In 2021 Fortum sold its business in Estonia, Latvia and Lithuania to Partners Group.
