Wind park № 1 in the Leningrad region will be the object of investment of the new fund

“Association of the Wind Industry” (RAWI) and the Russian Investment Agency “Invest in Russia” signed an agreement on the creation of the “Wind Energy Fund” with a target amount of funds of 100 billion rubles. The main goal is to invest in the creation of wind power. The term of the fund is set at 15 years with the possibility of prolongation, the investment period is not more than 7 years, the target rate of return on projects is at the level of 15%. The main feature of creating an investment fund is the use of the mechanism of state guarantees of return of funds.

According to the Russian Investment Agency, land-based wind farms are currently the most competitive sources of electricity due to a reduction in specific capital costs. Successive improvement of wind turbine designs together with an increase in unit capacity of aggregates allowed to reduce the specific capital costs for wind turbines and, consequently, the cost of electricity produced. According to the expert community, each doubling of the unit capacity of wind power plants ensured a decrease in the unit cost of their construction by an average of 7%.

According to RAWI, the development of wind power in Russia affects the changes in business models within the market. Today, as it was at the peak of the market in Europe, the investor is not ready to pay a high price for site search and project preparation and is often able to do this work independently. At the same time, the potential and quality of preparation of such projects in Russia is high and an investment decision is needed to implement such projects. This will ensure a high dynamics of market development and expansion of the field for the creation and development of the wind power generator industry in Russia.

The signing of the agreement took place in the working environment, which was preceded by consultations of the partners of the agreement.

By agreement of the parties, one of the draft agreements will be the project “Wind Park №1 in the Leningrad region

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