The Chinese attack the Russian market of renewable energy

Investors showed unprecedented interest in solar stations and said 785 MW in one and a half times more than its allocated quota, the leading position occupied structures from China. They surpassed even the winners of last year's competition Avelar Energy Group and GC "solar Energy".





In selection could participate in the projects on construction of solar and wind power and small hydropower up to 25 MW. Win the most favorable from a financial point of view, the projects, due to increased payments promised to return investments during 15 years with a yield of 14% per annum.

From the submitted applications will take not more than 496 MW. Parties are obliged to ensure localization in the Russian Federation not less than 50% of the equipment in 2015 and at least 70% in 2016-2018. For wind farms and small hydroelectric applications filed by 51 MW and 20 MW, respectively, with a quota of 1.6 GW for wind and 415 MW hydropower plant, Kommersant reports.

The second stage of the competition will be held from June 4 to 10. Its participants can only reduce the amount of planned capital expenditures. This year new players in the energy market simpler to qualify: in the summer of 2013 applicants that do not have their own generation 2.5 GW, was supposed to have a guarantee from major energy companies. This year, companies are taking as a guarantee and Bank letter of credit. Chinese investors have fallen, the price of equipment for green energy in Europe and the United States, said Natalia Porokhova of Gazprombank, it is logical that they are now trying to get part of the Russian support for renewable energy, which is gaining momentum.

Source: greenevolution.ru