Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

Altai Region Of Russian To Get $147 Million Worth Of Solar PV Projects

The Altai region of Russia will soon be receiving over $147 million worth of new solar PV power plants as per the recent signing of a partnership between the state-run construction firm Avelar, the state-owned company Khevel (Hevel) Solar, and the government of the region.

This — pretty substantial — investment into solar energy in the region by the Russian government certainly isn’t the first such move, but it is an important one, and represents an uptick in development in the region.

As it stands, there are a number of other large projects being developed in Altai — totaling over $400 million in investments and 120 MW of capacity. This new deal will add another 45 MW or so of capacity to that.

Avelar is currently aiming for construction to finish and the plants to come online by the year 2018. The power generated by the plants will be sold on the wholesale energy and power markets.

The new deal isn’t surprising given recent announcements by the Russian government. As we reported previously, the Russian Ministry of Energy has predicted that state and private investment into Russia’s solar industry will climb to around US$ 4.2 billion annually by the year 2020.

Also reported previously, a good deal of this investment growth is expected to be state-backed, via firms like Hevel. Private investment is of course expected to rise notably as well, but is perhaps a bit harder to predict — with many complex factors to consider. Either way, the market is one to watch.

 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
 

Advertisement
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.

Comments

You May Also Like

Clean Transport

A Russian news site, Arguments of the Week, reported that the first Tesla Russian plant will be built in Korolev, the heart of Russian...

Clean Transport

In a number of articles, I’ve been using A Better Routeplanner to simulate what an Aptera and other future 1,000-mile EVs would be able...

Cars

Now that readers helped me find data on China's DC Fast Charging (DCFC) infrastructure, I'm ready to see if a vehicle like the Aptera...

Cars

Why government offices and corporations are so vulnerable and how your car (whatever brand it is) won't fall to hackers as easily.

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.