Fortum Plans $300 Million Solar Plant in Russia, Kommersant Says

Fortum Oyj, Finland’s biggest utility, may build a $300 million solar-power station in Russia, Kommersant reported, citing Evgeny Zagorodny, deputy head of Russian Association of Solar Energy.

The company’s Russian unit, OAO Fortum, previously known as TGK-10, plans a 100-megawatt solar station in the Chelyabinsk region, the newspaper said. Billionaire Victor Vekselberg’s Hevel Solar may supply solar modules for the project, which will be the country’s largest, according to Kommersant.

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

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