Fortum, RDIF to build 116MW solar power plant in Kalmykia, Russia
Fortum is partnering with the Russian Direct Investment Fund (RDIF) to construct a 116MW solar power plant project in Kalmykia in Southern Russia.
According to the Finnish energy company, the Russian solar power plant will be installed in two phases.
The first phase with a capacity of 78MW is scheduled to be commissioned in Q4 2021, while the second phase with a capacity of 38MW will be brought online next year.
The solar power plant in Kalmykia, when commissioned will be the largest solar power plant in Russia, claimed Fortum.
The project will be carried out by the joint venture between Fortum and RDIF, which was established in late 2020. The joint venture already has 350MW of wind power plants across the Ulyanovsk and Rostov regions in Russia.
Currently, Fortum has a portfolio of 2GW of wind and solar power parks and development projects in Russia alongside its joint ventures. Of which, 670MW of capacity is operational.