Russia's Rosatom preps for USD 358m wind investment in Adygea

A subsidiary of Russian state-controlled nuclear energy company Rosatom is getting ready to build wind parks in the Republic of Adygea, with an investment of up to RUB 20 billion (USD 358m/EUR 330m).

The management of Rosatom’s non-nuclear energy-focused subsidiary JSC OTEK met with representatives of the Adygea government on April 19 to discuss priority activities for the start of the project’s investment phase, according to a press statement.

"Today we move from the organizational and preparatory phase of the project to the investment stage, and for this we need maximum operational assistance from the government of the Republic of Adygea and municipal administrations," said Alexander Korchagin, OREK’s general director.

Last year, OTEK’s Vetro SGC unit won contracts for 610 MW of wind power capacity in Russia, including for projects in Adygea, Krasnodar, Rostov, and Stavropol region, as well as other locations. The Adygea schemes will be realised in the Shovgenovsky and Giaginskiy districts.

At the start of February, Rosatom announced it had approved a partnership between OTEK and Dutch company Lagerwey Wind BV for the production of wind turbines in Russia.

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