Hevel Group to develop 135 MW of solar plants in the Astrakhan Region

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Hevel Group to develop 135 MW of solar plants in the Astrakhan Region

Hevel Group (a joint venture of Renova Group and Rusnano JSC) and the Government of the Astrakhan Region have signed a partnership agreement on cooperation in the sphere of solar power development. 

The agreement has been signed by the governor of the Astrakhan Region Alexander Zhilkin and CEO of Hevel Group Igor Shakhray.

According to the agreement, Hevel is implied to build three solar power plants with a combined capacity of 135 megawatts (MW) in the Astrakhan Region over the period of 2017-2019: SPP “Niva” with the capacity of 15 МW, and two more 60 MW SPP’s in the Privolzhsky (Funtovo settlement) and Akhtuba districts. 

The solar power plants will be built in compliance with the Decree of the Government of the Russian Federation No. 499 dd. 28/05/2013 “On the Mechanism for the Promotion of Renewable Energy on the Wholesale Electricity and Capacity Market”. The combined volume of investments may amount to up to 15 billion rubles”. The project investments are provided by the Hevel Group structures. The Government of the Astrakhan Region, in its turn, ensures the project’s comprehensive information and administrative support.

Construction of solar power generation objects will facilitate the increase of regional tax revenue, create new job sites the Astrakhan Region and will allow involving regional companies into project implementation for the period of SPPs' installation, in terms of construction and installation work performance and construction of support structures.

List of country news

Country news

  • August 01, 2017

    Russia launches US1.7 billion wind investment fund

    Russian Association of the Wind Power Industry (RAWI) and Russian Investment Agency Invest in Russia (RIA) has signed an agreement on the creation of the Wind Energy Fund with a target amount of funds of RUB100 billion (US$ 1.7 billion).

    Read more
  • June 19, 2017

    Russia awards a total of 1.65 GW in wind auction

    The Russian government has awarded a total of 1.65 GW of wind power in the tender that started in late May. 

    Read more
  • April 28, 2017

    Nord Stream 2 secures financing with five European companies

    The Nord Stream 2 project, being pursued by Gazprom, has taken another important step towards its implementation, responding to the need of the European Union for additional gas imports and thereby improving security of supplies to Europe.

    Read more
  • October 25, 2016

    Rosneft and investment consortium led by Trafigura sign agreements to acquire 98% in Essar Oil

    Rosneft and a consortium of Trafigura and United Capital Partners have signed agreements to acquire 98% in Essar Oil Limited (EOL). Read more
  • August 25, 2016

    Falkon Capital to develop wind farm in Russia

    Falkon Capital, through its subsidiary Alten, has placed a binding order for the Kalmykia Onshore Wind Farm Project "Priyutnenskaya VES 51 MW" to be erected in the Republic of Kalmykia in southern part of the Russian Federation. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.