Russian Rostov Region Interested in Wind Energy

The Government of the Rostov Region in Russia and Fortum-RUSNANO wind investment fund have entered into a non-binding cooperation agreement to build up to 600 MW of wind power plants in 2019-2022. A separate investment decision will be made for each project.

The Fortum-RUSNANO wind investment fund is a 50/50-owned investment partnership that was awarded the right to build 1,000 MW of wind power in Russia in 2018-2022 in the RES capacity selection auction that was held earlier in 2017. Fortum’s equity stake in the wind investment fund totals a maximum of RUB 15 billion (currently approximately EUR 220 million). Currently, Fortum is completing the construction of Russia’s first 35-MW wholesale power market wind park near Ulyanovsk. The wind park is to enter... ... More: Official Press Release Fortum

Keywords:

Russia, Fortum, Rostov, wind energy, fund