The Fund Created by RUSNANO and Fortum Won the Tender for Construction of Wind Parks

15 June 2017

The bids of the investment Fund of Wind Power Engineering Development that has been created by RUSNANO and Fortum for 1,000 mW have been selected within the tender of investment projects of construction of power generating plants on the basis of renewable energy sources.

The selected bids were submitted in respect of the projects that should be put into operation in 2018-2022. The projects will be implemented under the contracts for provision of power (CPP) concluded for the term of 15 years.

Within the partnership, RUSNANO and Fortum on a parity basis intend to invest RUR 30 bln into construction of the wind parks in Russia. For the purpose of implementation of the projects it is planned to attract a debt financing of the projects.

The investment decisions will be made for every individual project under the general mandate of the Fund of Wind Power Engineering Development.

“We are satisfied with the results of the tender. The winning makes the portfolio company of our fund—Fortum Energia—the largest player of the Russian alternative energetics in general and of wind-power engineering sector in particular. We are going to implement one of the most ambitious projects in the existing domestic renewable power generation sector, and we are sure that we will meet that challenge” noted the deputy head of the Investment Division—head of the Perspective Energy Projects Unit of the MC RUSNANO, Alisher Kalanov.

In addition to the investments within the Fund, RUSNANO intends to invest additionally up to RUR 1 bln into equipment localization projects. The investments will be aimed at creating the production of nodes and components of wind turbines: blades, towers, generators and other components.

Additional information

Reference

RUSNANO Joint-Stock Company was founded in March 2011 through reorganization of state corporation Russian Corporation of Nanotechnologies. JSC RUSNANO contributes to implementation of the state policy on the development of the nanotechnology industry by investing directly and through investment funds of nanotechnology in financially effective high-technology projects providing the development of new production facilities in the Russian Federation. Its primary investment focus is in electronics, optoelectronics and telecommunications, healthcare and biotechnology, metallurgy and metalwork, energy, mechanical engineering and instrument making, construction and industrial materials, chemicals and petrochemicals. 100 percent of shares of JSC RUSNANO are owned by the state. Thanks to investments RUSNANO currently opened 84 factories and R&D centers in 30 regions of Russia.

Management of assets of RUSNANO JSC is carried out by Limited Liability Company established in December 2013, RUSNANO Management Company. Anatoly Chubais is the Chairman of its Executive Board.

Work to establish nanotechnology infrastructure and carry out educational programs is fulfilled by RUSNANO’s Fund for Infrastructure and Educational Programs, which was also established during the reorganization of the Russian Corporation of Nanotechnologies.