Sberbank finances Enel Russia's 201-MW wind farm in Murmansk

Photo source: Enel Russia

March 6 (Renewables Now) – Russian state-owned lender Sberbank (MCX:SBER) has extended a credit line of RUB 22.5 billion (EUR 302.3m/USD 341.7m) to Enel Rus Wind Kola for the construction of the 201-MW onshore wind farm in the Murmansk region, the parent company Enel Russia announced on Tuesday.

Enel Russia, a subsidiary of Italy’s Enel SpA (BIT:ENEL), was awarded the Murmansk project and a 90-MW wind scheme in the Azov region in the public renewables tender held in June 2017.

The wind farm will be located along the road that runs from the city of Murmansk through the village of Tumanny to the Teriberka village in the Kola Peninsula’s Arctic Circle. Enel Green Power will be in charge of the construction of the plant. Siemens Gamesa Renewable Energy SA (BME:SGRE) will supply the wind turbines that will be capable of generating approximately 750 GWh annually.

The commissioning is expected to take place at the end of 2021.

(RUB 1.0 = EUR 0.013/ USD 0.015)

More stories to explore
Share this story
About the author

Sladjana is the newest addition to the Renewables Now team. She has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription