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Energy Finance & Investment News in Russia

IPPToday #172: Russia announces 1250 MW renewable energy tender

IPPToday #172: Russia announces 1250 MW renewable energy tender

🕔Mar 12, 2018

Russia's Administrator of the Trading System of the Wholesale Electricity Market (ATS) has published information on its upcoming tender, entitled "The competitive selection of investment projects for the construction of generating facilities operating on the basis of renewable energy sources (RES) for 2019-2023".

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IPPToday #156: US$2.6 billion waste-to-energy plants to be developed in Russia

IPPToday #156: US$2.6 billion waste-to-energy plants to be developed in Russia

🕔Feb 15, 2018

An international consortium has announced its intention to develop a waste-to-energy project involving the construction of five waste-to-energy plants in Russia, four in the Moscow region and one in Kazan, the Republic of Tatarstan. The total cost of the project is estimated to be RUB150 billion (US$2.6 billion).

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Fortum acquires 35 MW of solar power capacity in Russia

Fortum acquires 35 MW of solar power capacity in Russia

🕔Nov 30, 2017

Fortum has today signed an agreement to acquire three solar power companies from Hevel Group, Russia's largest integrated solar power company. The transaction is expected to be closed by the end of 2017. The parties have agreed not to disclose the purchase price.

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Hevel Group to develop 135 MW of solar plants in the Astrakhan Region

Hevel Group to develop 135 MW of solar plants in the Astrakhan Region

🕔Oct 13, 2017

Hevel Group (a joint venture of Renova Group and Rusnano JSC) and the Government of the Astrakhan Region have signed a partnership agreement on cooperation in the sphere of solar power development. 

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Russia launches US1.7 billion wind investment fund

Russia launches US1.7 billion wind investment fund

🕔Aug 1, 2017

Russian Association of the Wind Power Industry (RAWI) and Russian Investment Agency Invest in Russia (RIA) has signed an agreement on the creation of the Wind Energy Fund with a target amount of funds of RUB100 billion (US$ 1.7 billion).

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Russia awards a total of 1.65 GW in wind auction

Russia awards a total of 1.65 GW in wind auction

🕔Jun 19, 2017

The Russian government has awarded a total of 1.65 GW of wind power in the tender that started in late May. 

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Nord Stream 2 secures financing with five European companies

Nord Stream 2 secures financing with five European companies

🕔Apr 28, 2017

The Nord Stream 2 project, being pursued by Gazprom, has taken another important step towards its implementation, responding to the need of the European Union for additional gas imports and thereby improving security of supplies to Europe.

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Rosneft and investment consortium led by Trafigura sign agreements to acquire 98% in Essar Oil

Rosneft and investment consortium led by Trafigura sign agreements to acquire 98% in Essar Oil

🕔Oct 25, 2016

Rosneft and a consortium of Trafigura and United Capital Partners have signed agreements to acquire 98% in Essar Oil Limited (EOL).

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Falkon Capital to develop wind farm in Russia

Falkon Capital to develop wind farm in Russia

🕔Aug 25, 2016

Falkon Capital, through its subsidiary Alten, has placed a binding order for the Kalmykia Onshore Wind Farm Project "Priyutnenskaya VES 51 MW" to be erected in the Republic of Kalmykia in southern part of the Russian Federation.

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Loans signed for Yamal LNG

Loans signed for Yamal LNG

🕔May 5, 2016

Export-Import Bank of China and the China Development Bank have provided financing for the Yamal LNG liquefied natural gas project, which is located in northern Russia.

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NOVATEK secures line of credit for Yamal LNG project

NOVATEK secures line of credit for Yamal LNG project

🕔Apr 21, 2016

OAO NOVATEK, Russia's largest independent natural gas producer, has signed a loan agreement with Sberbank and Gazprombank. The loan will be used as part of the financing package for the company’s liquefied natural gas project Yamal LNG, which is located in northern Russia.

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NOVATEK and China's Silk Road Fund Conclude Selling 9.9% Stake in Yamal LNG

NOVATEK and China's Silk Road Fund Conclude Selling 9.9% Stake in Yamal LNG

🕔Apr 6, 2016

NOVATEK has announced the closing of a transaction to sell a 9.9% equity stake in the Yamal LNG project to China’s Silk Road Fund (SRF) for a  payment amounting to €1,087 million (US$1,237 million).

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JBIC signs loan for Sakhalin-I Odoptu Field Stage-2 Development Project in Russia

JBIC signs loan for Sakhalin-I Odoptu Field Stage-2 Development Project in Russia

🕔Mar 29, 2016

The Japan Bank for International Cooperation (JBIC) has recently signed a loan agreement amounting up to US$450 million with Sakhalin Oil and Gas Development (SODECO).

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BRICS new bank to finance solar projects

BRICS new bank to finance solar projects

🕔Mar 8, 2016

The New Development Bank established by the BRICS states, Brazil, Russia, India, China and South Africa, plans to lend about US$2 billion to finance energy solar projects in India.

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NOVATEK sells stake in Yamal LNG to China's Silk Road Fund

NOVATEK sells stake in Yamal LNG to China's Silk Road Fund

🕔Jan 13, 2016

NOVATEK has announced the signing of binding definitive agreements as part of a transaction for selling an equity stake in the Yamal LNG project to China’s Silk Road Fund (SRF).

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Russia awards renewable projects

Russia awards renewable projects

🕔Dec 29, 2015

Russia's trading system administrator ATS recently announced the approval of 280 MW of solar, 35 MW of wind power projects and two 24.9-MW hydropower projects in its third renewable energy tender.

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ONGC Videsh to acquire 15% interest in Vankor Field located in East Siberia

ONGC Videsh to acquire 15% interest in Vankor Field located in East Siberia

🕔Sep 14, 2015

ONGC Videsh has signed an agreement to acquire up to 15% shares in CSJC Vankorneft, which owns Vankor Field and NorthVankor license, from Rosneft oil company.

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NOVATEK and the China’s Silk Road Fund conclude agreement on acquisition of stake in Yamal LNG

NOVATEK and the China’s Silk Road Fund conclude agreement on acquisition of stake in Yamal LNG

🕔Sep 9, 2015

NOVATEK and China’s Silk Road Fund (SRF) have concluded a framework agreement on the acquisition by SRF of a 9.9% equity stake in the Yamal LNG project in Russia.

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RDIF, Nord Hydro, CR24BG and CCECC to invest in mini hydropower plants in Russia

RDIF, Nord Hydro, CR24BG and CCECC to invest in mini hydropower plants in Russia

🕔Jun 24, 2015

The Russian Direct Investment Fund (RDIF), the Government of the Republic of Karelia, Nord Hydro, the China Railway 24th Bureau Group and China Civil Engineering Construction Corporation have agreed to invest in constructing small hydropower plants in Karelia, Russia.

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Gazprom appoints CEO of Russia-Turkey pipeline

Gazprom appoints CEO of Russia-Turkey pipeline

🕔Apr 10, 2015

Gazprom Russkaya, a firm created by Russian state-owned Gazprom to develop the Russia - Turkey pipeline, has appointed Andrey Fick as chief executive officer (CEO).

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