Fortum signs 22-year nuclear power supply deal with Google in Finland

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

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