Published: 29 November 2019 29 November 2019
The Fortum-Rusnano wind investment fund has taken the investment decision for a 200-megawatt (MW) wind power project in Kalmykia, Russia. It is the fourth project of the total 1,823 MW awarded to the fund in the Russian wind auction in 2017 and 2018.
The wind farm in Kalmykia is expected to start production during the fourth quarter of 2020. The Fortum-Rusnano wind investment fund is a 50/50 owned investment partnership to invest in wind power in Russia. The investment decisions will be made on a case-by-case basis. Fortum’s maximum equity commitment is RUB 15 billion.