Expansion of Green Energy Supply By Fortum in Russia

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As per the recent release, Fortum and RDIF have made a bilateral accord as a joint venture with Mosenergosbyt on green energy supply. The green energy generated from the Fortum and RDIF’s wind farms will be given to Sberbank’s offices in Nizhny Novgorod as per the accord between Sberbank and Mosenergosbyt.

This accord came after a 2020 pilot project from the wind farms of RDIF and Fortum’s joint venture on green energy supply to the office of Sberbank based in Ulyanovsk which was successful.

Alexander Chuvaev, Fortum’s Russia Division’s Executive Vice President stated, “We are pleased to cooperate with leading Russian companies, such as Sberbank, and help them decarbonize their operations. We expect that wind energy will be in a key role when large energy consumers develop their sustainability strategies in Russia.”

Fortum currently supplies its green energy to Shchekinoazot Chemical Company, AB InBev, Leroy Merlin, Unilever production facilities, P&G, and Air Liquide in Russia. It has signed Memorandums of Understanding (MoU) for green energy supplies with Novatek (natural gas supplier), Russia Magnitogorsk Iron and Steel Works (MMK) a leading steel producer, Baker Hughes (technology company), and Shell (global energy company).

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