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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.

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