Finnish utility Fortum is starting work on a 35MW wind farm in Ulyanovsk in Russia.
The project, which will be located 680km south-east of Moscow, is valued at approximately €65m and is expected to start production in 2017.
Fortum said the wind farm is part of the Renewable Projects Competitive Selection, administered by the Russian power market regulator.
The goal of the programme is to increase renewable power generation in Russia by using a capacity supply agreement (CSA) mechanism.
The generation capacity under CSA receives guaranteed payments for 15 years.
Fortum Russia segment executive vice president Alexander Chuvaev said: “Low-emission production has been a key part of Fortum’s strategy for a long time.
“One of our key targets globally is to increase investments in renewables, above all, hydro, solar and wind power.”
Image: the project is scheduled to start operations in 2017 (Morgue File)
