Fortum and RDIF to build 116 MW solar power plant in Kalmykia

Fortum and the Russian Direct Investment Fund (RDIF) will build a 116 MW solar power plant in Kalmykia in Southern Russia. When commissioned, it will be the largest solar power plant in Russia. The project will be implemented by the recently established joint venture between Fortum and RDIF.

The solar power plant is estimated to be commissioned on its full scale in the second half of 2022. The first construction phase of 78 MW is expected to be commissioned in the fourth quarter of 2021 and the remaining 38 MW in 2022.