NewEnergyNews: RUSSIA DISCOVERING SOLAR

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    Friday, June 19, 2015

    RUSSIA DISCOVERING SOLAR

    Russian Oil Oligarch Has Put $450 Million Into Solar Energy Bet

    James Ayre, June 15, 2015 (Clean Technica)

    “The largest exporter of oil and natural gas in the world, Russia, seems to be making more and more overtures towards solar energy…One of the country’s oil billionaires, Viktor Vekselberg, has been epitomizing that ‘slow’ embrace with the Hevel Solor venture — which is a collaboration between Vekselberg’s company Renova and OAO Rusnano…Hevel Solar is expected to result in the construction of 22.5 billion rubles ($450 million) worth of solar projects through the year 2018 [to diversify Riussia’s power generation]…Considering that remote regions often rely on inefficient and expensive diesel generators, solar makes for an especially good choice…Hevel actually operates its own solar-panel factory in Novocherboksarsk, which has allowed it to deal (fairly effectively) with the decline of the ruble…” click here for more

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