Hevel Group granted 40MW of solar PV projects in Kazakh auction

Dec 15, 2020 09:19 AM ET
  • Russia-based high-efficiency heterojunction solar module producer Hevel Group has actually introduced it won 40MW of PV projects in a recent renewables auction in Kazakhstan.
Hevel Group granted 40MW of solar PV projects in Kazakh auction
Image: Hevel Solar

The business protected new agreements that will boost its solar portfolio in the nation to 288MW, with two brand-new projects anticipated to find online in 2022.

With a present functional solar portfolio in Kazakhstan of 8 centers that have a total capacity of more than 248MW, Hevel said it is looking to broaden its visibility in the country both by taking part in auctions and getting projects from various other companies.

Kazakhstan is home to the firm's biggest PV park, Nura, which started commercial operations in May, less than a year after work with the center started. Situated in the Akmola area, the 100MW installation was backed by a EUR65.2 million (US$ 79 million) loan from the Eurasian Development Bank as well as functions Hevel's very own heterojunction PV modules.

Having actually fulfilled all its 2019 manufacturing and shipment targets, sustained by utility-scale PV projects in both Russia and Kazakhstan, Hevel disclosed strategies previously this year to raise solar cell and also module assembly ability to 340MW in 2020, standing for an 80MW capacity boost.

Meanwhile, the company's majority owner, Ream Management, is behind plans to build and also run a 1GW heterojunction plant in the Russian exclave of Kaliningrad. A new firm called EnCORE PV has actually been established for the procedure, which is anticipated to begin manufacturing by the end of 2022.

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