Fortum initiates wind power cooperation in Russia with Bank GPB
FORTUM CORPORATION INVESTOR NEWS 18 JANUARY 2022 9:00 EET Fortum is initiating cooperation in wind power generation in Russia with Bank GPB. For this purpose, 1.3 GW portfolio of wind projects is being transferred from the Fortum-Rusnano Wind Investment fund (50/50 joint venture) to a joint venture recently established with Bank GPB. Upon the transfer, the joint venture of Fortum-Rusnano Wind investment fund will be dissolved. Fortum holds the investment fund’s most recently (wind auction in September 2021) awarded 1.4 GW of wind capacity for new wind power generation to be