On September 11, 2018 at the Eastern Economic Forum Solar Systems and the Eurasian Development Bank (EDB) signed a Declaration on cooperation. The document was signed by Managing Director-the Head of Directorate for the Industry Vsevolod Smakov, from Solar Systems – by CEO Mikhail Molchanov.

The parties expressed interest in the development of cooperation in the implementation of joint projects in the energy sector of the regions, expressed interest in considering further prospects for the joint implementation of investment projects for the construction of hybrid power plants based on renewable energy sources.

At present Solar Systems is implementing 15 projects for the construction of solar power stations with total installed capacity of 335 MW in six regions of Russia.

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.

Solar Systems and the Eurasian Development Bank signed a declaration on cooperation at the Eastern Economic Forum/PRESS-RELEASE

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