Plans for 12 Russian PV plants still at negotiation stage


A source at Zurich-headquartered Russian company Avelar Energy has stressed reported plans for 12 PV plants in Russia totalling 120 MW, are still at the negotiations stage.

Russian news agency Interfax on Wednesday reported plans by Avelar – whose major shareholder is Russian industrial conglomerate Renova Group – and a subsidiary of South Korean company LG Electronics to develop the plants in the Orenburg, Altai and Bashkortostan regions.

The Interfax report said construction of the plants would start next year and continue until 2016 with the projects expected to come online in 2017 at a total cost of US$400m.

Korean firm to design and build plants

The report speculated LG subsidiary LG CNS would design and build the projects and may take a stake in the companies formed to develop the schemes.

Interfax also reported the modules for the projects will be supplied by Hevel Solar, a joint venture between Renova Group and Russian state-owned nanotechnology company Rusnano.

An Avelar representative told pv magazine the plans are still ‘ongoing negotiations.'

The Interfax report states four of the plants – each of which would have a 10 MW capacity – would be built in the Republic of Bashkortostan, near the Ural mountains; six would be developed in Orenburg near the border with Kazakhstan; and two would be built in the Altai Republic of central-southern Russia.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact:


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.