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Belarus' largest wind farm project attracts $40 million in foreign investment

Belarus' largest wind farm project attracts $40 million in foreign investment

Minsk, September 11 - Neftegaz.RU.
Belarus has raised around $40 million in foreign investment to build its largest wind farm, Belta learned from the press service of the Belarusian Natural Resources and Environmental Protection Ministry.

“Belarus has come a step closer to building its largest wind farm and achieving the renewable energy goal by 2030. Belarus intends to set up a wind farm with the capacity of 25MW in Vitebsk Oblast.

The project will be financed by the Turkish company Guris Construction and Engineering . The company is a well-known developer of eco-friendly engineering solutions, the press service said.

“Thanks to this project, Belarus will attract direct investment in green economy and renewable energy sources. Wind farms will help reduce pollution and improve the quality of life of local residents,” Deputy Minister of Natural Resources and Environmental Protection Aleksandr Korbut said.

Plans are in place to begin work on the project in 2020, after the investor prepares detailed design documentation. It will be the largest wind farm in Belarus and will supply eco-friendly energy to over 20,000 households in the district. Operation of the wind farm within the next 20 years is expected to reduce carbon dioxide emissions by more than 500,000 tonnes.

“The global power consumption is expected to increase by 30% within the next 20 years. At the same time, the total share of renewable energy sources in the global energy sector will increase to 44% by 2050, mainly thanks to solar, wind, and hydropower. Currently renewable energy sources are developing quite slowly in Belarus. As of early 2019, the share of such energy in the national energy market equaled 6.2%. At present, 96 wind turbines with a total capacity of 100.95MW work in the country,” the press service noted.

To read the news in Russian.

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