Fortum and Uniper team to manage operations of generating assets By Renewable Energy World
Fortum and Uniper have finalized the first planning phase in three strategic cooperation areas: Nordic hydropower and physical trading optimization, wind and solar development, and hydrogen.
Under the proposed plans, Fortum would lead the operations of both companies’ Nordic hydro assets while Uniper would take the lead in the development of both companies’ wind and solar and hydrogen businesses.
In December 2020, Fortum and Uniper announced three joint cooperation areas to ensure the focused and effective implementation of the group strategy. The overall aim is to create more value for Fortum and Uniper in Nordic hydro and physical trading optimization and to better exploit growth opportunities in the areas of wind and solar and hydrogen. Based on the “One Team” approach, one of the companies will take the lead in each of these business areas.
The cooperation teams have developed the preliminary plans for the operating models, which will be further elaborated and conclusively assessed in the next phase. Implementation of the intended strategic cooperation in the three areas is subject to final approval by Fortum’s and Uniper’s governing bodies, as well as consultation with the relevant employee representation bodies in both companies.