ROSATOM & Gazprombank Expand Cooperation in Wind Energy
Gazprombank and ROSATOM’s VetroSGC-2 JSC announced the final closure of a complex bank financing deal for a wind power plant project in Russia with a
Gazprombank and ROSATOM’s VetroSGC-2 JSC announced the final closure of a complex bank financing deal for a wind power plant project in Russia with a total installed capacity of 340 MW. The commissioning date for the last wind power plant is scheduled for December 2022. As part of the deal, Gazprombank will provide VetroSGC-2 with financing in the amount of 40 billion rubles for a period of 12 years. Gazprombank also gained a 49.5% share in the capital of the project company VetroSGC-2. The controlling stake in VetroSGC-2 remains in the ownership of ROSATOM entities.
Since 2017, the Bank has been financing the first ROSATOM project for the construction of 660 MW of green capacity, 360 MW of which has already been commissioned, and the remaining 300 MW is planned to be put into operation by the end of this year.
NovaWind is a specially established wind energy project division of ROSATOM, and its main task is to consolidate ROSATOM’s efforts in the frontend segments and technological platforms of electricity generation. The company was established in September 2017. Enterprises within NovaWind focus on the management of all ROSATOM competencies in wind energy sector – from wind farm design and construction to power engineering and operation.