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Chinese companies showed interest in all projects of the Russian energy market in the field of RES - Newspaper

In 2014, Chinese companies showed interest in all projects of the Russian energy market in the field of renewable energy. This was reported by the Kommersant newspaper with reference to sources in the industry and data from the Trade System Administrator OJSC, which is responsible for the functioning of the electricity and capacity market.

At the beginning of June, the PBX published a list of applications for participation in the selection of renewable energy projects with a power delivery period of 2015-2018. Anonymous bids, in particular, indicate the planned volume of installed capacity and planned capital expenditures for 1 kW of installed capacity of the renewable energy facility. We are talking about solar stations, wind generators and small hydropower plants. Projects with the lowest capital outlays are guaranteed a return on investment over 15 years with a yield of 14% per annum.

According to the newspaper, "structures from China took the lead in the competition," and Solar Systems, a subsidiary of the Chinese Amur Sirius (Harbin), made the largest bid for 220 MW. “They even overtook the winners of last year's competition Avelar Energy Group and the Energy of the Sun Group,” the newspaper said.

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