Markets Fortum is the third-largest CO2-free power generator in Europe and the second-largest power generator and the largest electricity retailer in the Nordic countries. Globally, we are one of the leading heat producers. Our investment in Uniper increased the CO2-free power generation by approximately 60%, making us the third-largest CO2-free generator in Europe. Read more in Fortum CEO's Business Review 2020 Changing markets Sustainability and CO2-free power generation have been part of Fortum’s strategy for several decades. We believe that the energy system needs to transform into a system with substantially lower emissions, higher resource efficiency, and a higher share of power generation based on renewables. The transformation will not happen overnight, and we must provide customers with a secure energy supply at a competitive price during the transition towards lower emissions. Fortum strives to contribute to a more sustainable world. Market areas and energy production Fortum generates electricity and heat in an environmentally benign manner using different energy sources. The company has energy production in the Nordic countries, Russia, Poland and Great Britain. Uniper has power generation mainly in Germany, Russia, the United Kingdom, Sweden, and the Netherlands, as well as heat and steam production mainly in Germany, the Netherlands, and Russia. Fortum has increased annual CO2-free power generation from around 15 TWh in 1990 to 44 TWh in 2019 and 64 TWh in 2020. The development has not always been linear, as it includes organic growth, investments, and divestments and variations in hydropower generation also impact the annual figures. With approximately 20% of Uniper’s power generation capacity being hydro and nuclear power, Fortum’s CO2-free power generation increased by approximately 60% through the Uniper investment. Fortum also has power generation based on fossil fuels, mainly gas, but also coal-fired power generation. In Europe, Fortum has a clear path to exit the use of coal in power generation and has committed to be carbon neutral in European generation by 2035 at the latest (Scope 1 and 2 emissions). In 2020, Fortum also committed to carbon neutrality in all operations by 2050 at the latest (Scope 1, 2, and 3 emissions), in line with the goals of the Paris agreement. Uniper has announced an ambitious phase-out plan for its German hard-coal-fired power generation. Fortum's Energy Review Our Energy Review series highlights the key trends and topicalities in the energy sector Read more How we produce energy Fortum's energy production and production capacities Read more Electricity market prices Your browser does not support iframes, but you can visit <a href="https://tools.euroland.com/tools/nordpool/?companycode=sf-fum&amp;v=sf-fum_new&amp;lang=en-gb">Electricity market prices</a> Energy market data Energy-related links Collection of links to energy related sites Did you find what you were looking for? 1 response Yes Partly Not at all Back to top You are here: Fortum Investors Why invest in Fortum Markets Markets About us This is Fortum Strategy Open positions Our energy production Fortum worldwide Covid-19 information Services Fortum Battery Solutions Turbines and generators Power plant O&M and performance Find charging stations Fortum Circo® Recycled Plastics Licensing and safety design Investors In focus Reports and presentations Share information Calendar and events Corporate governance Contact us Our offices Media contacts Investor Relations Supplier inquiries Sales contacts Give feedback Raise a concern Follow us on social media Legal information Data privacy and cookies Legal Notice © Fortum 2021. All rights reserved We use cookies to personalize content and ads, to provide social media features and to analyze site usage. We also share information about your use of our site with our social media, advertising and analytics partners. You can manage and disable cookies in your own browser. Read "instructions for browser settings". More options to manage your preferences in "Cookie settings". For more information, see ourCookie Policy. Cookie Settings Close