1,000MW of the bids of the Fortum-Rusnano wind investment fund were selected in the Russian wind auction. Fortum's stake in the wind investment fund is 50%. The bids are for projects to be commissioned during the years 2018-2022 with a price corresponding to approximately € 115-135 per MWh.
The projects will be covered by Capacity Supply Agreements (CSA) for a period of 15 years. The investments decisions will be made on a case-by-case basis within the total mandate of the wind investment fund. Fortum’s equity stake in the wind investment fund totals a maximum of RUB 15 billion (currently approximately € 240 million). A total of 1,900 MW for the years 2018-2022 was available in the Russian wind auctions held from 29 May to 9 June 2017. The bids in the auction totalled 2,491 MW.
