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Russia is going put $4.2 billion in the solar sector until 2020

Solar PV blooms in Russia

Solar PV blooms in Russia

The technology giant in the state’s propriety, Rusnano, together with the conglomerate Renova are important pieces the European – Asian country’s solar energy field.

PV devlelopers in Russia are willing to install PV plants in sunny southern regions

The main investing in this sector is said to be made by both state and private parts, as the The Russian Ministry of Energy expects. Taking all this into account, Russia will get to RUB 150 billion (US$ 4.2 billion) by 2020.

The corporate affairs director at Hevel Solar, Anton Usachev is certain that solar power plants will find their home in the southern and southwestern Russian regions of Altai, Bashkortostan, Orenburg, Samara and Omsk in upcoming six years. This words come from Russia’s biggest module producer. He also states that until 2020, approximately 1.5 GW of solar are going to function in the country.

Rusian solar boosts with the help of companies collaborations

The above mentioned company, a collaboration between state-owned tech giant Rusnano and Russian conglomerate Renova, is also planning to settle PV manufacturing plants in Russia. The biggest one is said to be commissioning in June in Chuvashia with an expected capacity of more than 100 MW a year.

Another company included in Renove and France’s Schneider Electric Avelar Energy Group, is willing to launch an inverter production facility in the upcoming years.

Not a long time ago, things were the invested sum in solar energy development did not exceed a $1 billion a year. Besides that, almost 90% had gone to biomass processing projects. But this is going o change along with the arrival of PV in the country.

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Posted by on Apr 28 2014. Filed under _featured slider, Asia, Europe, Market News, Solar PhotoVoltaics. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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