02 April 2024
02 April 2024
The plant will be located on Russia’s Far Eastern coast.
The company attributed the decision primarily to increased costs and uncertainty around the price and demand for power.
Over the next decade, the two companies will invest over €1bn to develop 800MW of wind energy projects.
The company’s wind turbine design is considered suitable for the Japanese offshore environment.
The service agreement for the project encompasses maintenance and remote monitoring.
The company is planning to raise $1.1bn by selling the stake in its subsidiary.
To be located in the western region of the country, the wind farm is expected to be operational in 2026.
The company purchased 26% stake in a thermal power plant to secure 500MW for captive use.
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