Fortum-Rusnano wind investment fund wins in Russian wind auction
FORTUM CORPORATION INVESTOR NEWS 21 SEPTEMBER 2021 AT 15:30 EEST The Fortum-Rusnano wind investment fund (50/50 joint venture) has participated in the latest Russian renewables’ auction. The fund was awarded annual CSA (Capacity Supply Agreement) remuneration in the range of RUB 16.9–23.8 billion for new wind power generation. This corresponds to wind capacity of approximately 430–530 MW per annum (a total of 1.3–1.6 GW); to be commissioned during the years 2025–2027. The number of gigawatts finally to be constructed is subject to separate investment decisions. The projects will be