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Russia Starts Largest Renewable Energy Auction in Bid for Jobs

  • Country seeks bids for almost 2 gigawatts of clean electricity
  • Rosatom to make wind turbines in turning point for industry
1496035156_russia solar lede
Photographer: Andrey Rudakov/Bloomberg

Russia is pressing ahead with its biggest-ever auction for renewable energy, seeking to award contracts to purchase 1.9 gigawatts of clean electricity as well as attracting foreign investment to support jobs at home.

The government tender starting Monday has attracted the interest of Fortum Oyj, Finland’s largest energy company, which is prequalified to participate in the auction. Enel SpA of Italy may also participate.