Italian multinational renewable energy company Enel Green Power (EGP) has been awarded a new wind project in the Stavropol region via its Russian subsidiary.

The award is the result of the Russian renewable energy tender for the 2020-2024 period, which took place from 28 May to 10 June. Nearly 314MW of renewable capacity was awarded in the tender, of which 78.1MW is for wind projects, whilst 229.8MW is for mini-hydro and 5.6MW solar.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Called the Rodnikovsky wind farm, the 71.25MW capacity project will be developed and constructed by EGP. The wind farm project will be built with an investment of approximately €90m ($101m) and is expected to begin its operations in the first half of 2024.

EGP head Antonio Cammisecra said: “This latest award represents another major milestone for us in Russia, after the recent start of construction of the Azov wind farm.

“We are further confirming our commitment to harness the country’s renewable potential and diversify its generation mix while contributing our renowned expertise in the development, construction and operation of renewable projects.

“Looking ahead, we will continue to work relentlessly on the consolidation and further expansion of our Group’s renewable footprint in Russia, thereby pursuing an increasingly sustainable business model.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The Rodnikovsky wind farm is expected to generate around 220GWh per year and also offset around 180,000t of carbon dioxide emission into the atmosphere once completed.

Supported by capacity payments, the clean energy generated by the wind farm will be sold in the Russian wholesale market.