Fortum is starting a wind farm project in Ulyanovsk, Russia with a total capacity of 35MW. The value of the investment is approximately € 65 million.
The wind farm is expected to start production in 2017. The wind farm is included in the Renewable Projects Competitive Selection, administered by the Russian power market regulator. The goal of the government programme is to increase renewable power generation in Russia by using Capacity Supply Agreement (CSA) mechanism. The generation capacity under CSA receives guaranteed payments for 15 years in order to ensure sufficient return on investment.