External risk management audit; no negative impact on the environment
Pursuant to Federal Law No. 96-FZ of May 04, 1999 “On Atmosphere Protection” and Federal Law No. 7-FZ of January 10, 2002 “On Environmental Protection”, NovaWind takes a mandatory inventory of emission sources and air pollutant (hazardous) emissions at each of its facilities commissioned. The purpose of taking the inventory is to determine that the facilities produce no greenhouse gas emissions listed in Russian Government Decree No. 2979-r of October 22, 2021. All of NovaWind’s wind parks in operation are put on the government-maintained list of environment-affecting facilities with Category IV assigned (Category IV comprises facilities that have a minimal impact on the environment).
This audit is carried out by technical consultants on a quarterly basis until the wind farm is commissioned. Its objective is to record no environmental degradation around the construction site as compared to the environmental conditions prior to the start of construction. The audit is necessary to meet the covenants under the ESG loan facility provided to finance the construction of wind farms with a total installed capacity of 340 MW.
According to the carbon footprint assessment carried out by Rosatom, the average emissions of a NovaWind wind farm stand at 8.71 g CO2e/kWh over its entire life cycle, including construction, operation and decommissioning. This figure is well within the global best practice range. According to the IPPC Renewable Energy Sources and Climate Change Mitigation report, life-long CO2 emissions of a wind turbine are 11 g CO2e/kWh (the median for the total range of 7 g to 80 g CO2e/kWh).
(Source: IPCC Fifth Assessment Report; IPCC Special Report on Renewable Energy Sources and Climate Change Mitigation)