Sep 8 (Renewables Now) - Russian solar company Hevel will this month break ground on a 15-MW solar park in Russia's southwestern region of Astrakhan, it said on Thursday.
The project, called Niva, is the first of a total portfolio of 165 MW that Hevel plans to build in Astrakhan in the coming years. It is looking to commission two solar parks of 60 MW each in the region next year and the construction of a further 30-MW project in 2019 is under consideration. The total investment could come in at RUB 20 billion (USD 351m/EUR 291m), according to the announcement.
Hevel is the investor and general contractor for the Niva project, which is expected to be commissioned by the first quarter of 2018.
The company, a joint venture between asset management group Renova and government-owned technology company Rusnano, makes photovoltaic (PV) modules at its plant in Novocheboksarsk, Chuvash Republic.
(RUB 10 = USD 0.175/EUR 0.145)