Fortum and Rusnano enter Russian deal for 450 MW

Fortum and Rusnano have signed a cooperation agreement with Russian province Kalmykia, which will furnish land for a sizeable potion of the joint venture's secured capacity.

Finnish energy company Fortum and Russian Rusnano will over the coming years install 1.8 GW in wind energy capacity in Russia. This stems from the prior allocations from Russian onshore wind tenders in which the joint venture has participated. The company now appears to have secured site placement for at least 450 MW of the total capacity.

Vetroenergetika, which manages the joint venture's Wind Development Investment Fund, has entered a non-binding cooperation agreement with the southwestern Russian Republic of Kalmykia. The turbines are planned for installation in the period 2018-'21, reports Russian trade association Rawi.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Danish carbon storage can run at max from day one

TotalEnergies can't see the need to pilot carbon storage under the Harald field in the Danish North Sea. Rather, the supermajor wants to begin at full scale if the Bifrost project manifests. Although much now depends on two forthcoming events: presentation of political strategy and allocation of EUDP money.

Europe’s carbon price has almost tripled in 2021

European carbon futures rose above EUR 80 a tonne on Friday for the first time, testing the resolve of politicians who are promising to act aggressively on climate change while grappling with inflation that’s tearing into economies across the globe.

Further reading

Related articles

Latest News

See all jobs