EuroSibEnergo Launches Siberia’s Largest Solar Power Plant

23 DECEMBER 2015

Abakan, December 21, 2015 – EuroSibEnergo launched the Siberia’s largest solar power plant in Abakan, Republic of Khakassia, on the eve of the Energy Industry Worker Day.

Russian Prime Minister Dmitry Medvedev gave an order for the official launch of the Abakan Solar Plant via a teleconference from Moscow witnessed by the CEO of En+ Group Maxim Sokov. The official launch ceremony in Abakan was attended by the CEO of EuroSibEnergo Vyacheslav Solomin, head of the Republic of Khakassia Viktor Zimin, and representatives of the Russian Energy Ministry.

Abakan SPP will produce 6.5 mln kilowatt-hours of electricity annually, having an installed capacity of 5.2 megawatts, over 20,000 solar modules, and a total area of 18 hectares.

Abakan boasts more than 310 sunny days on the average over a year, thus making a vast solar potential available for generation of energy sufficient to meet 1/30 of the Abakan city’s total electricity demand using the clean renewable energy source. Alternatively, the city would have to burn around 5,000 tons of coal annually emitting over 8,000 tons of greenhouse gases to generate the same amount of electricity at a coal-fired power plant.

More than 50% of the Abakan SPP’s equipment and components were built in Russia. EuroSibEnergo established its own innovative facility to grow multicrystalline silicon ingots (core material used to manufacture solar modules) in the city of Angarsk, Irkutsk region, and an invertor assembly facility in the city of Divnogorsk, Krasnoyarsk Territory. Overall, EuroSibEnergo invested about RUR600 mln in the Abakan SPP project.

The EuroSibEnergo’s project was one of the winners of the renewable power generation investment project contest held by the Russian Energy Ministry in 2013. The actual implementation commenced in the end of 2013.

CEO of EuroSibEnergo Vyacheslav Solomin commented: “Development of renewable energy sources is one of the strategic priorities for EuroSibEnergo, whose hydro power plants in Irkutsk, Bratsk and Krasnoyarsk pioneered carbon-free power generation in Siberia almost 50 years ago. Today we continue the trend using new power generation technologies. We are convinced that the Siberia’s future power industry should be based on environmentally friendly technologies.”

About the company:

EuroSibEnergo JSC (www.eurosib.ru) is Russia's largest independent power company in terms of installed electricity capacity and one of the Russia’s clean energy generation leaders. EuroSibEnergo operates power plants with a total installed capacity of 19.5GW, including 15GW from large hydropower plants of the Angara-Yenisei cascade (Krasnoyarsk, Bratsk, Ust-Ilimsk, Irkutsk HPPs). EuroSibEnergo provides about 8% of the Russia’s electricity.