State-owned lender PJSC Sberbank mostly financed the Solar Systems project.
Solar Systems LLC
Russian PV developer and solar module manufacturer Solar Systems LLC has completed construction of a 75 MW project in Novokuybyshevsk, in the Samara oblast of southwestern Russia.
According to a press release issued by the regional government, a first phase of construction started in October with a second stage two months later.
The solar plant, Russia’s largest operational PV project, was built for around RUB9.4 billion ($141 million) and mostly financed by Russian state-owned financial services provider PJSC Sberbank, which contributed RUB7.4 billion.
The project is part of a Solar Systems pipeline which includes the 100 MW Staromaryevskaya PV project and a 15 MW facility in Volodarsky, in the Astrakhan region of southwestern Russia. All three projects were allocated in Russia’s renewable energy auction of 2016.
Chinese owned
Solar Systems is a unit of Chinese PV plant operator Amus Sirius, itself a subsidiary of Harbin Electric Company Limited, a Chinese provider of electric power generation equipment. Solar Systems owns a 100 MW monocrystalline silicon solar panel factory in a special economic zone in the Yelabuga municipal district of the Republic of Tatarstan.
Solar parks that use Russian materials receive higher feed-in tariffs than projects using components fully manufactured abroad.
Russia had an installed solar power capacity of around 546 MW at the end of last year, according to figures from the International Renewable Energy Agency.
Source: pv magazine
