Unigreen Energy postpones construction of first solar farm in Rostov Region

ROSTOV-ON-DON. Sept 20 (Interfax) - Unigreen Region LLC, a subsidiary of Unigreen Energy LLC, has changed the parameters and timeframe for the construction of the first solar farm in Russia's Rostov Region, the company told Interfax.

"Investor Unigreen Region confirms its interest in realizing the project to build the solar farm in Rostov Region. The timeframe for the implementation of the project and its technical parameters will be determined after a number of strategic and organizational issues are resolved," a company spokesman said.

Unigreen Region won a tender to build the Gukovskaya solar farm that Rostov Region held in November 2021. The cost of the project was estimated at more than 2 billion rubles and the farm was expected to annually generate 39,044 MWh of electricity. It was said at the time that the solar farm would take about two years to build.

Unigreen Region, which is based in Novocheboksarsk, Chuvashia, was registered in March 2021, and as of September 19 it was wholly owned by Unigreen Energy, which in turn is owned by Mikhail Sivoldayev's Ream Management LLC, data from the Unified State Register of Legal Entities showed.

Unigreen Energy is carrying out renewable energy projects in Africa, the CIS, Asia and Latin America. The company has a portfolio of projects to build renewable generating facilities in excess of 1.5 GW.