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Finnish Fortum to carry out mass construction of wind farms in Russia

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Finnish Fortum to carry out mass construction of wind farms in Russia

Fortum, a Finnish energy company, is likely to be engaged the mass construction of wind farms in Russia, Kommersant reports on Wednesday.

According to the newspaper, the Supervisory Board of the Market Council Association has assigned to Fortum Energy LLC a status of the participant of wholesale electricity market and reserved 28 delivery point clusters for the company.

A capacity of 50 MW has been reserved for each of the delivery point clusters, what could provide a total amount of 1.4 GW of power. Thus, according to Fyodor Kornachev from Raiffeisenbank, the cost of construction of onshore-wind farm will be about $2,300 per 1 kW of power, or $3.2 billion.

Fortum wind farm can be built in the territories of Oryol, Ulyanovsk, Murmansk regions, the Stavropol region, the Kuban and the Republic of Tatarstan, following the results of design competition.

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