Samada SPP design documentation approved/PRESS RELEASE

29.09.2016

Solar Systems, LLC has received positive non-state expertise conclusion for Samara SPP design documentation and engineering survey according to the legislation of the Russian Federation. The expertise was carried out by "Volgogradenergosetproekt", a company with vast experience in energy sector. According to the design, Samara SPP installed capacity will be 75 MW.

Commenting on performance of the company, Solar Systems CEO Mikhail Molchanov said: "Receiving positive expertise conclusion for design documentation is one of the key steps in Samara SPP construction. Our investment program for Samara SPP construction is an example of environment-friendly and efficient solutions in electricity generation. Work on approval of design documentation has been done at the highest professional level. I appreciate the support that we have received from the Governor of the Samara Region Nikolay Merkushkin and his team, as well as infrastructure organizations. The interest of the authorities to attract significant strategic investors is a key to development and prosperity of the region."

"Designing is an important and very difficult stage of investment project implementation. Our project will provide efficient power generation without harming the environment of the Samara Region and will also improve the environmental situation in Novokuybyshevsk and Chapayevsk in general. The next stage is to get construction permit and to develop working documentation, "- said Ivan Vinogradov, Project Director of Solar Systems.

Positive expertise conclusion, followed by getting construction permit, will open the door to Samara SPP full-scale construction. This project is among the winners of the second competitive selection of investment projects for construction of generating facilities operating on renewable energy sources. It was held by JSC ATS in the framework of the Resolution of the Government of the Russian Federation № 449 of 05.28.2013 “On the mechanism of stimulating the use of renewable energy in the wholesale electricity and capacity market”

Effects of the project:
- 100,000 photovoltaic modules (250 W) will be installed within the framework of Samara SPP 1st stage construction. They will generate more than 33,500 MWh/year.
- 3 billion rubles – cumulative investment in the region. After the first stage of the SPP starts operating at full capacity, the regional budget will receive more than 130 million rubles of tax payments.
- Samara SPP will provide 25 MW of electricity to 33,000 people of the region.

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 are planned to be constructed in the next two years. Due to commissioning of 10 solar parks, total installed capacity of power systems of these regions will increase by 240 MW. Cumulative investments will surpass 32 billion rubles.