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Fortum Won The Right To Build 5.6 MW of CSA Supported Solar Capacity In Russia

Power News - Published on Mon, 01 Jul 2019

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Fortum has won the right to build 5.6 MW of solar capacity in a Russian Capacity Supply Agreement auction. The power plant is to be commissioned during the year 2022 and will receive a guaranteed CSA price corresponding to approximately RUB 15,000 per MWh for a period of 15 years. In June 2018 the Fortum won the right to build 110 MW of solar power to be commissioned during 2021-2022.

Fortum currently owns three solar power plants in Russia with a total capacity of 35 MW. In addition, the Fortum-Rusnano wind investment fund holds the right to build over 1.8 gigawatt of wind capacity by 2023.

The investments decisions related to the capacities won by Fortum and the Fortum-Rusnano wind investment fund in 2017, 2018, and 2019 will be made on a case-by-case basis. Fortum’s previously communicated maximum equity commitment is RUB 15 billion. In the longer term, Fortum seeks to maintain an asset-light structure by forming potential partnerships and other forms of co-operation.

Source :

Posted By : Ratan Singh on Mon, 01 Jul 2019
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