Enel to Invest € 132 million in a Large Scale Wind Farm in Russia

 

/2nd October 2018, by Enel and Renewable Market Watch™/

 

The 90 MW wind farm will be built on an area of 133 hectares and will be able to generate about 300 GWh per year, for a global investment of EUR 132 million, according to the Renewable Market Watch™. Italian Enel and Russian companies work together on the development of wind power capacities in the region, as Russia set an ambitious renewable energy target by 2024.

PJSC Enel Russia, the Russian subsidiary of the Italian energy company Enel, will invest EUR 132 million in the construction of a 90 MW wind power plant in the Azov district near the city of Rostov-on-Don in Southern Russia, confirmed a press release of the local agency for investment development.

This large wind farm, which is registered among the investments priorities of the Rostov oblast, will be able to generate about 300 GWh per year and must be completed before 2020. Design and exploration works are currently in their final stage, and the first preparatory work on the selected site would start this year. Enel Russia won the right to build this facility during the federal tender over renewable energy sources held in June 2017.

The authorities of the Rostov oblast signed with Enel Russia the agreement regarding the construction of the 90 MW wind farm during the Russian Investment Forum held in Sochi in February 2018. The press release of Enel Russia mentioned that the initial developer of this wind power project was the German holding SOWITEC, which did a lot in preliminary work.

Earlier, the governor of the Rostov oblast Vasily Golubev said that with the implementation of energy projects announced by Russian and foreign companies (Rosnano, Rosatom, Enel), the oblast will be able to provide up to 25% of Russia’s wind power. Significant financial efforts have been announced, as at least RUB 100 billion (EUR 1.334 billion) would be invested starting in 2018 in wind power generation capacities in the Rostov oblast.

Enel Russia presented its project of construction of a large wind farm in the Rostov oblast during the session of the All-Russian festival of energy saving held in the city of Rostov-on-Don on September 15. Representatives of Enel Russia held lectures on wind power, energy saving and respect of natural resources, which were attended by over 100 visitors. They also presented a wind turbine model and organized thematic workshops where children learned about wind energy and designed paper windmills.

The subsidiary of the Italian energy company is a strategic partner of the Rostov oblast in the development of local wind power capacities, reported the regional ministry of industry and energy. This new industry attracts in the region investments in both the construction of wind farms and the manufacture of components for wind generators. Six wind farms are expected to be completed by 2022 in the oblast. All these projects are carried out by leading players in the industry. The project of Enel Russia is one of the most advanced today as the 90 MW wind farm in the Azov district can be put into operation before 2020.

 

Renewable Market Watch™ published the new report Russia Wind Power Market Outlook 2018÷2027. This report reveals current state and future trends about wind energy market in Ukraine, as a potential area for investment. It is intended to provide the reader with an overview on the economics and regulation of the industry.

The more information about wind power market in Ukraine, including full contact details of wind farm project owners and developers you may read here: Russia Wind Power Market Outlook 2018÷2027 

For better understanding about benefits from using our reports you may read here: Benefit List - Reports of Renewable Market Watch 

About Renewable Market Watch™

Renewable Market Watch™ is delivering strategic insight about emerging renewable energy markets through its experienced research team and cutting edge predictive analytics data platform. We partner with our customers to provide research, data and consulting reports in areas appropriate to their specific requirements. Our primary focus is emerging renewable energy markets of the Asia Countries, Balkan countries, Central and Eastern Europe, CIS states (former Soviet union), LATAM countries and MENA countries. For more information about Renewable Market Watch™ please visit:
http://renewablemarketwatch.com/about-us

 

 

 

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