200MW of New Wind Power Projects on Sakhalin Island

NovaWind JSC and the Sakhalin Regional Government sign a cooperation agreement for the preparation and construction of 200 MW of wind power on the island.|NovaWind JSC and the Sakhalin Regional Government sign a cooperation agreement for the preparation and construction of 200 MW of wind power on the island.

Share:

NovaWind JSC ( Rosatom‘s wind power division) and the Sakhalin regional government sign a cooperation agreement for wind farm construction projects.

NovaWind JSC plans to build 200 MW of wind power on Sakhalinese Island

Rosatom has just signed a cooperation agreement for hydrogen production on Sakhalin Island in south-east Russia.
NovaWind JSC, its wind power division, has signed a similar agreement for the production of renewable energy on the island.
The document is signed by Alexey Belik, head of the Sakhalin government, and Alexandr Korchagin, CEO of NovaWind JSC.

“It’s an interesting new region for us, with its own special features in terms of wind power projects. The construction of wind farms will have a positive impact on Sakhalin’s ecology and will also create an additional incentive for the regional development of industries focused on managing and reducing the carbon footprint. I hope our cooperation will be successful and make a strong contribution to carbon neutrality in the region”, says Alexandr Korchagin.

“Reducing carbon emissions

“Russian President Vladimir Putin has made it his mission to reduce carbon emissions. To achieve this, it is necessary, among other things, to increase the proportion of energy produced from renewable sources, such as wind power. Sakhalin has the potential to do just that. It is also important to improve the reliability of electricity services for the population and the economy. Sakhalin Island’s power grid is isolated from the mainland and, in the event of generation failure, we cannot rely on replenishment from outside. We are therefore paying particular attention to diversifying our energy sources,” says Alexey Belik, head of the Sakhalin government.

The agreement focuses on examining the feasibility of building wind power generation facilities in the Sakhalin region, and on preparations for the construction of wind farms with a total installed capacity of up to 200 MW, to be commissioned in 2024.
One year ahead of the target date for the island to achieve carbon neutrality.

  • Populaires ​
Ignitis begins construction of three energy storage parks in Lithuania
Shell ships first LNG cargo from its LNG Canada facility
TotalEnergies acquires 1.5 GW of AES renewable assets in the Caribbean
Dalinar Energy wins recommendation to acquire Citgo with $7.38bn bid
Japan and Siemens Gamesa sign strategic offshore wind agreement
Subsea 7 secures sizeable subsea contract for Egyptian tie-back
The Luxembourg-based group will handle engineering, procurement, commissioning and installation of flexible pipelines and umbilicals to link a new field to Egypt’s existing offshore infrastructure, with offshore work scheduled for 2026.
Octopus Energy prepares $14 billion spin-off of Kraken
British firm Octopus Energy is considering a £10 billion spin-off of Kraken Technologies, involving an upcoming minority stake sale, and has initiated preliminary discussions with banks to oversee the strategic operation within the next year.
Ardian completes Akuo takeover and installs Bruno Bensasson at the helm
Investment fund Ardian finalises its takeover of Akuo and appoints former Électricité de France executive Bruno Bensasson to steer the renewable-energy developer’s growth towards five gigawatts of installed capacity by 2030.
TotalEnergies sells 50% of its renewable assets in Portugal for €178.5mn
TotalEnergies is selling half of a 604 MW Portuguese energy portfolio to the Japanese consortium MM Capital, Daiwa Energy and Mizuho Leasing for €178.5mn, retaining operation and future commercialisation of the assets concerned.
Q ENERGY raises €109 million from BPCE Energeco for renewable projects
Q ENERGY France secures a bank financing of €109 million arranged by BPCE Energeco to build four new energy production facilities, totalling 55 MW of wind and solar capacity by the end of 2024.
Shell forced to amend two annual reports following EY’s compliance breach
Shell announces amendment of two annual reports after notification by Ernst & Young of non-compliance with SEC auditor partner rotation rules; however, financial statements remain unchanged.
Ecopetrol obtains authorization to expand its sustainable bond issuance program
The Financial Superintendency of Colombia approves an amendment to Ecopetrol’s local bonds and commercial paper program, enabling issuance of sustainable, indexed, or in-kind repayable instruments.
ABO Energy sells its Greek subsidiary to HELLENiQ ENERGY Holdings
ABO Energy is selling its subsidiary ABO Energy Hellas and an energy project portfolio of approximately 1.5 gigawatts to HELLENiQ ENERGY Holdings, thus refocusing its strategic resources towards other markets, notably Germany, without major financial impact anticipated for 2025.
Iberdrola increases supplementary dividend by 16.5% to €0.409 per share
Iberdrola announces a supplementary dividend of €0.409 per share for 2024 under the "Iberdrola Retribución Flexible" programme, bringing the total annual remuneration to €0.645 per share, representing a year-on-year increase of 15.6%.
BHP signs with COSCO to charter two ammonia-powered bulk carriers
BHP has signed contracts with COSCO Shipping to charter two ammonia-powered Newcastlemax bulk carriers, primarily for transporting iron ore between Western Australia and Northeast Asia starting from 2028.
CBAK Energy invests $357 million in Malaysia with Anker Innovations
CBAK Energy and Anker Innovations jointly launch a battery cell manufacturing facility in Malaysia, with a commercial potential estimated at $357 million, further strengthening their strategic partnership in the lithium-ion battery sector.
Badenova invests $4.64 billion to transform its energy infrastructure by 2050
German energy group Badenova plans to invest $4.64 billion in its energy networks and capacity by 2050, including $232 million committed from 2025, according to the company's recently published annual financial results.
ORIX sells 17.5% of Greenko for USD 1.28bn and invests in AM Green
ORIX announces the sale of the majority of its stake in Greenko to AM Green Power and commits a new USD 731mn investment in the Luxembourg-based AMG holding, confirming its strategic repositioning in next-generation energy.
Invenergy and Meta expand US portfolio with an additional 791 MW
Invenergy seals four further contracts with Meta to supply nearly eight hundred megawatts of solar and wind power to the group’s data centres, lifting total cooperation between the two companies to one point eight gigawatts.
Pedro Azagra takes helm at Iberdrola, Avangrid renews its leadership team
Pedro Azagra leaves his role as CEO of Avangrid to become CEO of Iberdrola, while Jose Antonio Miranda and Kimberly Harriman succeed him as CEO and Deputy CEO respectively of the American subsidiary.
Ares Management acquires 20% of Plenitude’s capital for 2 billion euros
The US investment fund Ares Management enters Plenitude's capital by acquiring a 20% stake from Eni, valuing the Italian company at 10 billion euros and reinforcing its integrated energy strategy.
Airbus selects ENGIE to decarbonise 22 industrial sites across Europe
ENGIE secures a contract to reduce Airbus' industrial emissions in France, Germany, and Spain, targeting an 85% decrease by 2030 through various local energy infrastructures.
Alain Rhéaume steps down as Chairman of Boralex’s Board of Directors
Alain Rhéaume, Chairman of Boralex’s Board of Directors for eight years, will leave his position by December, following the appointment of his successor by the governance committee of the Canadian energy group.
Statkraft announces $292 million cuts amid European financial pressures
Norwegian group Statkraft plans an annual cost reduction of NOK2.9bn ($292 million) by 2027, citing possible job cuts amid rising financial burdens and volatility in the European energy market.
EDF establishes EDF power solutions to consolidate international low-carbon activities
EDF merges EDF Renouvelables and its International Division into EDF power solutions, led by Béatrice Buffon, to optimise its global 31 GW low-carbon energy portfolio and strengthen its international positioning.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS