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$300M Wind, Solar Power

Rostovteploelektroproyekt, a Russian company specializing in the design of energy plants and equipment, said Monday that it plans to develop wind and solar power worth almost $300 million in the Krasnodar region.

“The wind project will be in two phases,” said Adolf Chernbyavsky, an engineer at Rostovteploelektroproyekt. “The total capacity will be 100 megawatts in the end. We estimate a cost of $2 million per megawatt.”

The land for the wind farm is near Yeisk, and preparations for work on the project could start as early as next year pending necessary approvals,

Chernbyavsky said.

(Bloomberg)

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