The document was signed by NovaWind CEO Grigoriy Nazarov and Republic of Dagestan head Sergey Melikov. Credit: Rosatom.

Russian state-owned nuclear firm Rosatom has signed a wind project development agreement with the Government of Dagestan via its wind power division, NovaWind.

The two parties have agreed to develop wind power projects with up to 315MW of capacity in Dagestan, in addition to renewable energy sources.

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The renewable energy projects are expected to reduce power shortages and create jobs in the region, as well as increase regional tax revenues.

NovaWind CEO Grigoriy Nazarov said: “This cooperation agreement opens up new prospects for the delivery of wind power projects.

“We have extensive expertise in the construction and operation of wind farms. Our wind power plants generate electricity in three regions of Southern Russia.

“Construction of wind farms in the Republic of Dagestan will improve the quality and reliability of power supply in the region and make a sizeable contribution to the carbon neutrality goals in Russia.”

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Republic of Dagestan head Sergey Melikov said: “Dagestan has enormous potential in terms of power generation. We put much effort into developing solar power and have launched a number of major projects in this field.

“We are familiar with the work NovaWind does in other regions, particularly in Adygea and Stavropol Krai.

“The partnership with such a prominent company will help us to take full advantage of our natural resources for the good of Dagestan and local communities.”

Founded in 2017, NovaWind brings together Rosatom’s competencies in wind power generation, from design and construction to mechanical engineering and the operation of wind farms.

The company has commissioned 720MW of wind power capacity to date and aims to increase this to around 1.7GW by 2027.

In July this year, it signed an agreement with Vietnamese company An Xuan Energy to develop a 128MW wind farm in Son La Province, Vietnam.