31 May 2023 17:18

Atomenergoprom plans to acquire wind power assets outside Russia in 2023

MOSCOW. May 31 (Interfax) - Atomenergoprom plans its first deals for the acquisition of wind power projects outside Russia in 2023, the company said in its annual report.

The target portfolio according to the international strategy is 5 GW of installed capacity at owned wind farms overseas in 2030, the company said.

The report does not name the countries in which assets may be acquired, but Rosatom's NovaWind has expressed an interest in building wind farms in Kyrgyzstan and Vietnam.

Atomenergoprom Group consolidates civilian assets in the nuclear industry; its subsidiaries are engaged, among other things, in uranium mining, production of nuclear fuel, and equipment for nuclear and conventional power generation. At the end of March 2023, 95.33% of outstanding shares were owned by Rosatom as ordinary shares and 4.67% were owned by the Russian Finance Ministry as preferred shares.