Finnish energy company Fortum and local partner Rusnano have signed a cooperation agreement with the government of Kalmykia to build up to 450MW of wind power in the Russian region.
The non-binding agreement covers the 2018 to 2021 period. Fortum said that a separate investment decision will be made for each project, without elaborating further.
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The company’s 50:50 joint venture with Rusnano has won the right to develop almost 2GW of wind power in Russia.
Capacity is scheduled to come online between 2019 and 2023.