Gazprombank receives 49.5% stake in Rosatom´s VetroSGC-2

Moscow, January 28 - Neftegaz.RU. Gazprombank and Rosatom´s VetroSGC-2 announced the final closure of a complex bank financing deal for a wind power plant project with a total installed capacity of 340 MW.
The commissioning date for the last wind power plant is scheduled for December 2022.

As part of the deal, Gazprombank will provide VetroSGC-2 with financing in the amount of RUB 40 billion for a period of 12 years.
Gazprombank also gained a 49.5% share in the capital of the project company VetroSGC-2. The controlling stake in VetroSGC-2 remains in the ownership of ROSATOM entities.


Kirill Komarov, Rosatom 1st Deputy Director General said:

• Commitment to sustainable development is in line with global trends and is enshrined in Rosatom's strategy.
• We strive to maximize the green, sustainable component of our product portfolio.
• We certainly consider both wind generation & atomic power to be such green activities due to the minimal emissions of greenhouse gases
• We hope that various forms of green financing will become a regular practice for Rosatom

Alexey Belous, Deputy Chairman of the Management Board, Gazprombank noted:

• We are pleased to announce the conclusion of the 2nd joint wind power deal, which is in line with the Bank's ESG strategy
• Successful experience in the VetroSGC project made it possible to arrange financing of the VetroSGC-2 project in the shortest possible time
• Together with the VetroSGC project, the total Rosatom green capacity financed by the Bank reached 1 GW to a value of over RUB 100 billion

Since 2017, Gazprombank has been financing the 1st Rosatom project for the construction of 660 MW of green capacity, 360 MW of which has already been commissioned, and the remaining 300 MW is planned to be put into operation by the end of 2021.

In total, until 2024, Rosatom will commission wind power plants with a total capacity of approximately 1.2 GW.

To read the article in Russian.