Fortum wins big at Russian auction

The Forum-Rusnano consortium has won rights to install 823 MW subsidized onshore wind in Russia. In the same auction, Finnish Fortum has also won rights to install 110 MW in solar capacity.

Photo: Frank Boutrup Schmidt/Vestas

The Finnish energy company Fortum has reaped an excellent harvest at the Russian Capacity SUpply Agreement (CSA) auction.

The company won rights to install 110 MW solar capacity planned to become operational between 2021 and 2022, and Fortum will collect a guaranteed price at around EUR 150 per MWh for a period of 15 years, the company writes in a press statement.

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