Enel Targets Over 100MW Wind Farm in Russia

 

  • Enel pans 100MW-plus wind farm in Russia
  • The Project is expected to cost US$137 million

Enel is set to make a definitive statement on whether to develop a new 100MW-plus Russian wind farm pending the result of a forthcoming bargain.

The project has already been approved by authorities in Rostov and plans to spend RUB10 billion (US$137 million) on the wind farm in the South-West of the country.

We are waiting to see if we have been successful following an auction held by the NP Market Council, a Russian electricity trading regulator, before making a final investment decision, Enel spokesman told Windpower Monthly.

According to the Russian Vedomosti newspaper, it has not confirmed what capacity the project would be, but it could be 100-140MW.

Roman Denisov, a senior analyst at the Russian Association of Wind Power (RAWI), told Windpower Monthly that Enel going to the competitive selection is a positive signal for Russia’s entire wind energy industry. While Enel has a small portfolio of wind energy projects in Russia compared to other players, its desire to build new projects can be regarded as a desire to strengthen its position, Denisov added.

However, as competition is increasing for wind power in Russia, the company’s profit margins are being squeezed, he added.

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