It will build the wind capacity between 2019 and 2023 and receive a guaranteed power price of approximately €60-90/MWh for 15 years, the JV added.
Investment decisions related to the awarded capacity will be made on a "case-by-case basis", Fortum-Rusnano stated.
Developers had bid for projects with capital expenditure (Capex) costs of between RUR 59,339/kW (€804.07/kW) and RUR 130,404/kW (€1,767.04/kW) in a wind tender in June.
In total, 2,213.67MW was submitted in the tender – more than two-and-a-half times the available quota of 830MW.
The Russian Association of the Wind Industry (RAWI) noted proposals between RUR 59,339/kW (the lowest bid) and RUR 80,305/kW were entered for 823.3MW – almost the exact amount awarded to Fortum and Rusnano – but did not identify the bidder or bidders.
In June 2017, the Fortum-Rusnano JV was awarded the right to build 1GW of wind power – the majority of the 1.65GW available – by 2022. Currently, 50MW of this capacity is under construction, it stated.
Fortum completed Russia's first commerical scale wind project, the 35MW Ulyanovsk site, in January 2018.