Enel Russia, Sberbank finances construction of 201 MW Murmansk wind project with 22.5 bln rouble credit line
- The credit line was opened for Enel Russia’s subsidiary Enel Rus Wind Kola
Moscow, March 5th, 2019 –Enel Russia and Sberbank signed an agreement to finance the construction of Enel Russia’s 201 MW wind project in the Murmansk region. A credit line with the financial institution of up to 22.5 billion roubles was opened for Enel Russia’s fully-owned subsidiary Enel Rus Wind Kola.
“We welcome the participation of Sberbank in the implementation of such an important project for our company, for the development of the country’s renewable sector and for the local economy in the Murmansk region. Moving ahead, we are looking forward to maximising the shared value created by this project through its full operation and generation of emission-free energy”
– Carlo Palasciano Villamagna, General Director of Enel Russia
“We are pleased to cooperate with Enel Russia in the implementation of one of strategic tasks - the development of the renewable energy sector. Sberbank, as one of the largest state financial institutions, considers important to participate in the energy development programs, which are supported by the Russian Government. This project will become one of the largest in the field of wind energy in the Russian market”
– Anatoly Popov, Deputy Chairman of the Executive Board of Sberbank
Enel Russia’s wind farm in the Murmansk region, which is due to be commissioned by the end of 2021, is one of the two wind projects that were granted to the company within the framework of the Government tender for renewables held in 2017.