First Wind Park Constructed by Fortum and RUSNANO Starts Supplying Electricity on Wholesale Market

14 January 2019

Ulyanovsk Wind Power Plant No. 2 has started to supply electricity on the wholesale electricity and electrical capacity market (WEECM). The rated generation capacity of Ulyanovsk Wind Power Plant No. 2 is 50 MW. The new wind power plant is the first completed project of the Wind Energy Development Fund, a joint enterprise established on a parity basis by Fortum and RUSNANO.

Wind park constructed by Fortum and RUSNANO

Ulyanovsk Wind Power Plant No. 2 consists of 14 turbines manufactured by Vestas, each with a capacity of 3.6 MW. As confirmed by the Russian Ministry of Industry and Trade, more than 55% of the equipment used in Ulyanovsk Wind Power Plant No. 2 is manufactured in Russia. This guarantees capacity payments under the rules defining the generation capacity prices for facilities based on renewable energy sources (CSA RES). This is the first wind park in which the main equipment installed was manufactured in Russia. In particular, the wind turbine nacelles used in the design of the WDPP were manufactured in Vestas’ factory, in Nizhny Novgorod Region.

A year ago, Fortum put into operation the first industrial wind park in Russia—the Ulyanovsk Wind Power Plant. It has a rated capacity of 35 MW.

Fortum and RUSNANO are implementing a large-scale program to develop the use of renewable energy sources in Russia. In 2017 and 2018, the Wind Development Investment Fund, established by the two companies, was awarded contracts to construct almost 2 GW of wind energy capacity. The wind parks should be put into operation between 2019 and 2023. The partners have already announced plans to construct wind farms in Rostov Region, the Kalmyk Republic, and Perm and Stavropol Territories.

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 RUSNANO’s shares are state owned. Thanks to RUSNANO’s investments, there are currently 115 factories and R&D Centers opened in 37 regions in 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.