Finnish utility Fortum Oyj (HEL:FORTUM) and its joint venture partner the Russian Direct Investment Fund (RDIF) will supply power from its wind parks in Russia to domestic lender Sberbank.
The supply will be made possible through an agreement with Russia energy supplier Mosenergosbyt, Fortum said last week. The electricity will be used for Sberbank's offices in Nizhny Novgorod, as agreed in a separate contract between the lender and Mosenergosbyt.
A successful pilot project has been carried out under which Fortum and RDIF supplied wind-generated electricity for Sberbank’s office in Ulyanovsk in 2020, the Finnish firm noted.
“We expect that wind energy will be in a key role when large energy consumers develop their sustainability strategies in Russia,” said Alexander Chuvaev, executive vice president of Fortum’s Russian division.
In Russia, the Finnish group already supplies green electricity to Belgian brewer Anheuser-Busch InBev, consumer goods group Unilever, industrial gases supplier Air Liquide, P&G and others.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.