alternative energy

/27th September 2017, FORTUM, RENEWABLE MARKET WATCHTM/ One of Fortum’s overall targets is to create a gigawatt-scale portfolio in solar and wind power. As part of this, the company has increased its renewable capacity in Russia. Fortum took a major step in late 2017 with the Bugulchanskaya, Grachevskaya, and Pleshanovskaya solar power plants' acquisition, when it gained 35 MW of solar power capacity. Altogether, the three plants are capable of fulfilling the electricity needs of about 7,000 households. Russia’s Ministry of Energy recently reported that more renewable capacity was put…

/17th July 2017, RENEWABLE MARKET WATCHTM, RAWI, RIA/ Russian Association of the Wind Power Industry (RAWI) and Russian Investment Agency “Invest in Russia” (RIA) signed an agreement on the creation of the “Wind Energy Fund” with a target amount of funds of 100 billion RUB (€ 1.4 billion). The main goal is to invest in the creation of wind power. The term of the fund is set at 15 years with the possibility of prolongation. The investment period is not more than 7 years; the target rate of return on…