Fortum has announced it has invested in the construction of almost 237MW of onshore wind parks in the Samara region of Russia.
The wind parks are expected to be commissioned in the fourth quarter of 2022.
The Finnish developer entered into an investment fund with Rusnano group on a parity basis in 2017 with the purpose of investing in Russian wind.
The investment decision follows the signing of non-binding wider cooperation agreement between the Fortum-Rusnano wind investment fund and the Government of the Samara Region that envisages construction of wind parks with a total capacity of up to 300 MW in the region in 2022–2023.
Executive vice president of Fortum’s Russia division Alexander Chuvaev said: “We are glad to expand the geography of our wind power production to the Samara region, one of the leading industrial centres of Russia.
“We are certain that implementation of renewable energy projects will enable further development of the energy infrastructure of the region.”