Solar offers increasingly lower capex in Russia's renewables auction

Three projects with generation capacities of 5.6-6 MW were pre qualified for a 5.6 MW capacity procurement and Finnish utility Fortum secured the only PV project selected. The capex figure offered by solar developers was lower than that for 71 MW of wind power allocated and lower than for previous PV projects.In the latest, final round of Russia's renewable energy auction scheme, trading system administrator JSC ATS allocated Finnish utility Fortum the 5.6 MW of generation capacity available for solar. Although the official result will be announced at the end of the month financial newspaper ...

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