Fortum and RUSNANO establish investment partnership to create possibility to capture CSA wind opportunity in Russia
FORTUM CORPORATION INVESTOR NEWS 27 APRIL 2017 08:45 EESTFortum and RUSNANO, a Russian state-owned development company, have todayagreed to sign a 50/50 investment partnership in order to secure thepossibility of a Russian Capacity Supply Agreement (CSA) wind portfolio inRussia. Further progress in the matter is still dependent on several factorssuch as the Russian prerequisite for domestic production of wind powergenerating components as well as auction outcome.Fortum’s equity stake in the joint venture totals a maximum of RUB 15 billion(currently approximately EUR 240