Final investment decision taken on Vestas' next Russian project

Fortum and Rusnano have made their final investment decision on a 100 MW wind energy project.
Vestas inaugurated in early December the turbine blade factory in which it invested EUR 13 million in 2017. | Photo: RAWI
Vestas inaugurated in early December the turbine blade factory in which it invested EUR 13 million in 2017. | Photo: RAWI

The next stage in Vestas' Russian framework agreement appears to be imminent. The investment fund created by Finnish utility Fortum and Russian Rusnano in order to go forward with the expansion of its projects secured in public tenders has made its final investment decision on a 100 MW project. This is projected to result in an operational wind farm within the first six months of 2020, Fortum informs in a press release.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
  • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    On June 1, Senvion's former CFO Manav Sharma started as US country manager for Nordex. Soon he will have a new factory at his disposal. | Foto: Senvion

    Nordex restarts production in the US

    For subscribers

    Further reading