Fortum Russia starts commercial operations of the 78 MW solar power plant located in the south of Russia, making Fortum’s total capacity of 1,231 MW renewable energy systems (RES) portfolio the largest in the country.
“Despite pandemic-related challenges, Fortum together with its joint ventures has been successful in commissioning seven new wind power plants in the Rostov, Volgograd, and Astrakhan regions, as well as the first stage of the new 116 MW solar plant in Kalmykia that is set to become, upon completion in 2022, the biggest in Russia,” says Alexander Chuvaev, EVP, Russia Division.
The total RES portfolio of Fortum Russia and its JVs amounts to approximately 3.4 GW. Fortum builds and operates wind and solar power plants in Russia in 50/50 percent partnerships with RUSNANO and RDIF.
Recently, Fortum has signed an agreement to divest the 250-MW Pavagada II and the 250-MW Rajasthan solar power plants in India to Actis, a global infrastructure investment firm.
In February 2021, the Fortum-RDIF joint venture made the investment decision to build a 116 MW solar plant in Kalmykia. The first stage of the SPP with a capacity of 78 MW is to be commissioned in 4Q 2021 and the remaining 38 MW in the second half of 2022. When commissioned, it will become the largest solar power plant in Russia.
