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Russia

Russia

Siemens' Russian joint venture on hold pending incentives decision

RUSSIA: Siemens has said it is poised to move into the Russian market once the country's incentive policy is finalised.

In 2010, German technology giant Siemens  signed a partnership with two Russian companies, Rostechnologii and RusHydro to set up production facilities for wind turbine components for the Russian market.

Earlier this month, it was revealed that the Russian government is looking at ways to stimulate development of its wind industry. The country is looking at offering tenders for 150MW.

Overall, Russia has big wind power potential. According to analysts' calculations, it is currently estimated at 260 billion kWh/year, equivalent to about 30% of all electricity produced by domestic power plants.

Separately, Russian developer Wind Power Generation (WPG), plans to invest up to RUB 7.4 billion ($230 million) in the construction of a wind farm in the Kuban region in southern Russia.

WPG director general Alexei Rudakov said the company has already signed an agreement on the implementation of the project with the government of the Kuban region.

The new wind farm is scheduled for  commissioning in 2015 and will be comprised of 30 3MW wind turbines. The cost of production of at the new wind farm is expected to be RUB 3.5 ($0,11) per kilowatt hour.

There are other projects planned for the region. According to the Kuban government, two wind farms with the capacity of 200MW and 250MW are also expected to be  built in the region during the next few years. The names of investors were not disclosed.

Russian analysts believe that the construction of a wind farm is an acute need for the Russian Kuban region. The southern regions of Russia remain among the country's most power-hungry regions.



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