China Expected to Invest $1 Billion In Russian Solar Energy

China’s Solar Systems may become the largest investor in the Russian solar power industry. The company plans to construct a plant for the production of solar panels in Russia’s Tatarstan Republic next year.

Solar Systems is a subsidiary of China’s Amur Sirius, and estimates the total investment at around $1 billion, the company’s head of investment and finance Olga Bykova told Vedomosti.

In July 2014 Solar Systems won a tender to build 175 megawatt of solar energy capacity in three Russian regions. The company plans to have them working in 2016-2018.

The construction of the power plants is expected to cost around $450 million .... http://rt.com/business