The first wind farm developed under a joint venture between Finnish energy company Fortum and Rusnano has started operation in Ulyanovsk, western Russia. The 50MW plant, owned by the Fortum-Rusnano wind investment fund, is part of a total of 1823MW awarded in the 2017 and 2018 Russian wind auctions. The project meets required local component criteria, enabling it to receive a guaranteed Russian Capacity Supply Agreement price for 15 years. The Fortum-Rusnano wind investment fund is a 50:50 owned investment partnership to invest in wind power in Russia. In December Fortum and Rusnano made a final investment decision on a 100MW wind project. The JV is also developing a 200MW wind farm, slated to come online in 2020. Investment decisions will be made on a case-by-case basis. Fortum’s maximum equity commitment is RUB15bn. Fortum also won the right in a June 2018 auction to develop 110MW of solar capacity in Russia.
Russian energy company Fortum and state-owned Russian joint-stock firm Rusnano have commissioned their first joint venture (JV) project, a 200 MW wind farm in Russia , western Ulyanovsk . Owned by the Fortum-Rusnano wind investment fund, set up to invest in the Finnish sector, the site is among 1.8 GW won by the firms in Russian wind auctions in 2017 and 2018 . The JV 's pipeline also includes a 100 MW and 200 MW scheme.