Rusnano invest in renewables

CEO: Rusnano wants to allocate USD158.9 mln in construction of wind-driven power plants and necessary equipments
Rusnano invest in renewables
14 October 11:00 2016 Print This Article

Russian state nanotechnology company Rusnano plans to invest over RUB10 bln (USD158.9 mln) into wind power engineering projects, reports TASS citing Chief Executive Officer of the company Anatoly Chubais.

“We made a decision in Rusnano to initiate a major wind power engineering projects with all components: equipment manufacturing in Russia and construction of wind-driven power plants. The decision we made means we will allocate over RUB10 bln (USD158.9 mln) for these purposes. We will make a serious step to production,” Mr Chubais said.

Back in August, Rusnano said it would organize production of blades for wind generators with China’s Dongfang Electric Wind Power (DEW) in the Ulyanovsk Region, where Russia’s first large wind power park is under construction by Finnish firm Fortum.

Rosnano also plans to allocate one billion rubles for local production of necessary components. According to Mr Chubais renewable energy market is highly promising in Russia.

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