By Eurasia Network – June 20, 2020
The Wind Energy Development Fund, a joint investment fund established by the Rusnano group and PJSC Fortum, launched on June 1st the Gukovskaya wind farm in the Rostov oblast. This wind power plant became the third facility of the fund in the region.
This 100 MW wind farm began supplying electricity and capacity to the wholesale electricity and capacity market. It is made of 26 Vestas wind turbines with a capacity of 3.8 MW each. The main components – blades and towers – have been manufactured with Rusnano in factories based in Ulyanovsk and Taganrog. The assembly of nacelles was carried out at a manufacture plant in Dzerzhinsk in the Nizhny Novgorod oblast. The degree of localization of the wind farm equipment, confirmed by the Federal Ministry of Industry and Trade of Russia, is more than 65%.
In early March 2020, the Wind Energy Development Fund launched its first wind farm in the same oblast – the Sulinskaya wind farm while the Kamenskaya wind farm began operating in May 2020.
This achievement of three wind farms from March to June 2020 shows the resilience of the Russian wind power industry to the COVID-19 pandemics. Despite the health and supply chains difficulties, the industry players could continue their work and deliver results.
With this commissioning of the Gukovskaya 100 MW wind farm, the total capacity of the Wind Energy Development Fund in the Rostov oblast amounts to 300 MW. The global portfolio of projects implemented by the Fund in the Rostov and Ulyanovsk oblasts today consists of four wind farms with a total capacity of 350 MW. Meanwhile, wind farm projects with a total capacity of 476 MW are at various stages of implementation.
Furthermore, preparations are underway for the start of construction of the Cossack wind farm (Казачья ВЭС) with an installed capacity of 100 MW. This wind farm is expected to begin supplying electricity and capacity to the wholesale market in the fourth quarter of 2020.
In December 2018, a manufacture plant for the production of towers for wind turbines with a capacity of more than 600 pieces of equipment per year was opened in the Rostov oblast. This new industrial facility needed an investment worth more than 700 million rubles (around 7 million euros). The regional authorities expect that by 2022 about 20% of all electricity consumed in the region will come from renewable sources.
The Wind Energy Development Fund was created by partners to invest in the construction of wind farms. The fund is managed by Rusnano and PJSC Fortum in equal shares. Based on the results of competitive tenders for investment projects in renewable energy, the Fund won the right to build 1,823 MW of wind power in Russia by 2024.
Russia is now looking at low-carbon energy generation. The country wants to develop its national renewable energy industry, to diversify its generation capacities and export equipment to foreign markets.
The renewable energy capacities are now built under capacity supply agreements (DPM) with a guaranteed annual return of 12% for investors. Under this program, by 2024, about 5.5 GW of renewable energy capacity should be built.
After one year and a half of negotiations, the Federal Government made his decision in September 2019. An amount of EUR 5.65 billion will be injected in the renewable energy industry to further support its development.
==> 200 pages of valuable information and analysis of the Russian wind power market, answering the questions that ask investors and energy companies.
The goal of this book is to help professionals and investors interested in the growing wind energy industry in Russia.
Thank you for reading us !
© Copyright 2020 – Eurasia Network