News Ticker

Russia to invest in windmills

windmills

Gazprombank will provide a loan of 64.6 billion rubles ($1.1 billion) to the Rosatom state nuclear corporation for the wind farms construction in Russia, according to the Rosatom procurement website, Russian Radio Sputnik reports.

VetroOGK, part of Rosatom, will attract 64.6 billion rubles from Gazprombank in two tranches. The amount of the first tranche is to stand at 57.4 billion rubles, the amount of the second tranche is estimated at up to 7.2 billion rubles. The loans must be payed off no later than December 31, 2026, according to the website.

Rosatom considers wind energy projects to be one of the most promising of their non-nuclear growth points. The state corporation estimated that wind energy market in Russia by 2024 could reach a turnover of about 200 billion rubles a year.

 

I

About Europe correspondent (461 Articles)
journalist

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: