Total profit of RUSNANO from projects for the construction of facilities and localization of renewable energy equipment amounted to more than 11.5 billion rubles

Jan. 18 -- RUSNANO Group issued the following news release:

The total profit of RUSNANO Group from participation in projects for the construction of wind generation facilities and localization of equipment for wind turbines in Russia amounted to more than 11.5 billion rubles.

The planned exit from projects in the wind energy industry allowed the RUSNANO Group to receive a return on investment of over 25%.

Within the framework of new partnerships, RUSNANO Group plans to continue to take an active part in the implementation of green economy projects that respond to the challenges associated with low-carbon development and energy transition.

The company's investment focus will be directed, among other things, to projects for the production of "green" hydrogen. It is planned that the comprehensive National Program for the Development of Low-Carbon Hydrogen Energy in Russia, which is currently being developed, will create incentives for the implementation of projects and will allow building a new industry in a short time with a significant multiplier effect for the country's economy, by analogy with the program to support the development of renewable energy sources, which allowed, with the active participation of the RUSNANO Group, to form a new high-tech sector of the Russian economy.

The RUSNANO Group includes RUSNANO Joint Stock Company, RUSNANO Management Company and the Fund for Infrastructure and Educational Programs. Thanks to RUSNANO investments, 138 enterprises and R&D centers operate in 37 regions of Russia.

Disclaimer: The Above Content is Auto-Translated

Source: RUSNANO Group

[Category: Energy]