File Photo Lehtikuva.
Finland’s energy company Fortum is set to launch a 35 megawatt wind power plant at a cost of euro 65 million in Ulyanovsk, Russia, said Fortum in a release.
The wind power plant is expected to start production in 2017 and serve Ulyanovsk, a city of 620,000 residents.
The project is part of the Renewable Projects Competitive Selection administered by the Russian power market regulator.
The Russian government's goal is to increase renewable power generation in Russia by using Capacity Supply Agreement (CSA) mechanism.
“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,” said Alexander Chuvaev, Executive Vice President for Fortum's Russia segment in the release.
