Total volume of investments in the construction of the plant is estimated at 70 million (US$91.6 million). The project is expected to be implemented by the Swiss company in cooperation with locally-based Ventus, one of Russias leading developers of projects in the field of renewable energy.
According to Dmitry Starostin, deputy Minister of Economic Development, Industrial Policy and Trade of the Orenburg region, in the case of successful implementation of the project, there is a possibility of the construction of other solar power plants with a capacity up to 100 MW.
??It is expected that the new plant will be equipped with thin film photovoltaic modules, which are produced by Hevel, a joint venture of the Russian financial conglomerate Renova and Rusnano.
Other details of the project were not disclosed.
Russian analysts believe the project has big chances to succeed also due to good geographical location of Orenburg on the south of the Urals region, where the annual irradiation is one of the highest in Russia.