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Fund for the development of wind energy

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Organization name
Fund for the development of wind energy
Country name
Russia
Country of registration
Russia
Industry
Power
Public debt
-
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Profile

Wind Energy Development Fund (WEDF) is a 50/50 owned investment partnership formed by FORTUM and RUSNANO to invest in wind power in Russia. The partners collectively intend to invest 30 billion rubles in wind power farm construction projects in Russia. Wind Power Asset Management LLC, a company owned by FORTUM and RUSNANO on a parity basis, manages the activities of the Fund. The total capacity of the Fund`s wind projects portfolio formed following the competitive selection of renewable poervgeneration projects is around 2 GW. Wind farms are to be commissioned in 2019-2023.

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