Wind Farms Construction Starts in Rostov Region

14 October 2019

The installation of the first wind power plant has been completed at the construction site of Sulinskaya Wind Power Plant (Krasny Sulin District, Rostov Region). This is an important step in the implementation of the large-scale investment programme of the Wind Energy Development Fund (a joint investment fund created on a parity basis by PJSC Fortum and JSC RUSNANO), which provides for the construction of three wind farms in the Rostov Region with an aggregate capacity of 300 MW.

A total of 78 Vestas wind turbines with a capacity of 3.8 MW each will be installed at the Kamenskaya Wind Farm, the Sulinskaya Wind Farm and the Gukovskaya Wind Farm. They will start supplying electricity to the wholesale electricity and capacity market (WECM) in the first half of 2020.

Sulinskaya Wind Power Plant (Krasny Sulin District, Rostov Region)

Sulinskaya Wind Power Plant (Krasny Sulin District, Rostov Region)

“The Rostov Region is a crucial player in the creation of a new industrial cluster of renewable energy in Russia. Thanks to the region’s rich wind potential, the largest regional investment programme of the Wind Energy Development Fund is being implemented here. Future wind farms are being constructed with the use of Russian equipment: blades, towers, gondolas, with a degree of localization of at least 65%. Steel towers, one of the key components of the wind turbine, are produced with the participation of RUSNANO right in the territory of the Rostov Region,” Alisher Kalanov, Chairman of the Board of Directors of Vetroenergetika Managing Company, says.

“The wind farm construction in the Rostov Region is a large-scale wind energy project in Russia. It is being implemented with the use of technologies that proved their effectiveness during the construction of the Ulyanovsk WPP-2, the first completed project of the Fund. Building three wind farms with a total capacity of 300 MW brings us to the construction pace and volume required for the implementation of an ambitious investment program in the field of renewable energy, which provides for commissioning 1,823 MW by the end of 2023,” Alexander Chuvayev, CEO of Vetroenergetika Managing Company, commented.

The Wind Energy Development Fund was established by the partners for investing in the construction of wind farms. The Fund is managed by Vetroenergetika Managing Company, which belongs to PJSC Fortum and JSC RUSNANO in equal shares. Following a competitive selection of investment projects for construction of generating facilities operating on the basis of renewable energy sources, the Fund was authorised to build almost 2 GW of wind power. The Wind farms are to be commissioned over the period of 2019-2023. The first completed joint project of the partnership is the Ulyanovsk Wind Power Plant-2 with a capacity of 50 MW. The plant started supplying electricity to the wholesale electricity and capacity market (WECM) in January 2019.

In 2017, Vetroenergetika Managing Company and the Rostov Region Government signed a cooperation agreement that provides for the construction of wind farms with a total capacity of up to 600 MW in the region in 2018-2021.

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 105 factories and R&D Centers opened in 37 regions in Russia. JSC RUSNANO has profit for the last 5 years.

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.

* * *

Fortum is the leading clean energy company that provides its customers with electricity, heating and refrigerating, as well as intelligent solutions for a more efficient use of resources. We want to encourage our consumers and society to become part of the change aimed at making the world a cleaner place. Our company employs about 8,000 professionals in Northern Europe and Baltic countries, Russia, Poland and India. In 2018, our sales revenue amounted to €5.2 bln, with 57% of our electricity generated without CO2 emissions. Fortum shares are traded on the Nasdaq Helsinki stock exchange.

For additional information, please visit fortum.com

* * *

PJSC Fortum is part of the Russia Division of Fortum Corporation, which also includes Fortum’s participation in PJSC TGC-1 (29.5%). The Company is engaged in the production and sale of electricity and heat. The Russia Division comprises eight thermal power plants located in the Urals and Western Siberia, a wind farm in the Ulyanovsk Region and three solar power plants in the Orenburg Region and the Republic of Bashkortostan. As of June 30, 2019, the total installed capacity of generation facilities for electricity is 4,928 MW and 8,437 MW for heat.

For additional information, please visit fortum.ru