Fortum acquires ABO Energy's wind development portfolio in Finland

By Global Infrastructure Sherpa · Nov 28, 2025

Acquisition Wind announced Finland Nov 28, 2025

EUR40M

Deal Value

4.4 GW

Capacity

development

Stage

Fortum acquired a 4.4 GW onshore wind development portfolio from ABO Energy in Finland for EUR 40 million, with potential earn-outs up to EUR 65 million total.

Deal Analysis

Fortum's acquisition of ABO Energy's 4.4 GW onshore wind development portfolio in Finland for an initial EUR 40 million, potentially rising to EUR 65 million with earn-outs, represents a significant strategic move for the Nordic energy company. This acquisition bolsters Fortum's renewable energy pipeline and aligns with its commitment to decarbonization. For ABO Energy, the sale allows them to realize value from their development efforts and potentially reinvest in new projects. The deal underscores the ongoing consolidation and investment activity within the renewable energy sector. The size of the portfolio acquired, 4.4 GW, is substantial and positions Fortum as a major player in Finnish wind energy development. The involvement of Fortum, a well-established Nordic energy company, lends credibility to the projects and increases the likelihood of successful development and financing. The earn-out structure suggests a shared interest in the successful progression of the projects within the portfolio. This transaction highlights the continued attractiveness of wind energy assets in the Nordic region.

Fortum acquires a substantial 4.4 GW wind development portfolio.
The deal involves a major Nordic energy company (Fortum) and a specialized renewable energy developer (ABO Energy).
The transaction value could reach EUR 65 million with earn-outs, indicating potential upside.
The acquisition strengthens Fortum's position in the Finnish wind energy market.

Market Context: The deal occurs within the context of increasing investment in renewable energy, particularly wind power, as countries strive to meet decarbonization targets. Finland, as part of the Nordic region, is a favorable location for wind energy development due to its wind resources and supportive regulatory environment.

Source Intelligence

KEY DETAILS

The estimated total purchase price including future earn-outs is approximately EUR 65 million. "The estimated total purchase price including future earn-outs is approximately EUR 65 million."

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Deal Size

The purchase price of approximately EUR 40 million on a debt-and-cash-free basis was paid at closing.

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Capacity

The acquired portfolio includes approximately 4.4 GW of onshore wind development projects at various stages in Finland.

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Location

The acquired portfolio includes approximately 4.4 GW of onshore wind development projects at various stages in Finland.

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Announcement

The transaction was announced on 23 July.