icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Rosnano and Renova link up on solar batteries

Rosnano and Renova link up on solar batteries
State Corporation, Rosnano, and the Renova Group have joined together to produce solar batteries in a 20.1 billion Rouble project at Novocheboksarsk, using technology developed by Swiss firm Oerlikon Solar.

Work on the project is expected to commence in the third quarter of this year, with the facility to become fully operational by the end of 2011. It will produce solar modules using silicon based thin film technology developed by Oerlikon Solar, with production expected to reach 1 million modules per year, equal to a generating capacity of 120 megawatts.

The joint venture will see Rosnano with a 49% stake, and Renova with 51%, with Renova’s subsidiary, Avelar Energy Group, conducting sales. The initial focus is expected to be the European market, but longer term projections envisage up to 15% of sales in Russia.