Russia

Russia

Russian pension funds warming to wind investments

The Russian Association of Non-State Pension Funds (ANSPF), a public association uniting some of the country's leading private pension funds, is considering investments in large-scale wind projects this year, according to a spokesman for the association.

Russia's wind industry could benefit from the country's private pension funds (pic: Rusnano)
Russia's wind industry could benefit from the country's private pension funds (pic: Rusnano)

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Among the projects ANSPF is interested in backing are expected to be those implemented by Rusnano, which has a pipeline of 15–20 wind projects across Russia with a total capacity of up to 1.8GW.

Sergei Belyakov, head of the association, has supported the new initiative but said changes in the law that regulates Russian pension funds investing in infrastructure projects are needed.

In response, Anatoly Aksakov, head of the financial market committee of the Russian parliament, said it is ready to approve such amendments soon to create conditions for the more active participation of ANSPF and other public funds in the development of wind power in Russia.

Russia has 189MW of installed wind capacity, adding 50MW so far in 2019, but is on course to reach over 3GW of installed capacity by the end of 2023. 

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