Solar Systems and the Government of the Republic of Kalmykia signed an agreement on cooperation/PRESS RELEASE
On February 15, 2018 at the Investment Forum in Sochi, the Head of the Republic of Kalmykia and the CEO of Solar Systems Mikhail Molchanov signed an investment agreement on cooperation between the Republic of Kalmykia and Solar Systems.
Within the framework of this agreement, it is planned to implement the investment project "Construction of a solar power plant on the territory of the Republic of Kalmykia" and to develop partnership in the field of renewable energy sources in this region. Solar Systems will have built a solar power plant with a total installed capacity of 25 MW until 2019.
Solar Systems, LLC was established in March 2014 for the purpose of construction and operation of solar power plants on the territory of Russia. The company is currently implementing projects in Samara and Astrakhan Regions. Solar power plants in Volgograd Region, Stavropol Krai and the Republic of Kalmykia and Bashkortostan are planned to be constructed in the next three years. Due to commissioning of 15 solar parks, total installed capacity of power systems of these regions will increase by 335 MW. Cumulative investments will surpass 44 billion rubles.