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NovaWind to Supply Green Power to Sberbank


VetroSGC (a subsidiary of Rosatom’s wind power division NovaWind) and MosEnergoSbyt have signed a bilateral contract for the purchase and sale
of wind electricity at deregulated prices. According to the contract, electricity generated at VetroSGC’s wind farms will be supplied to Sberbank offices in Tula, Voronezh and Yaroslavl.

MosEnergoSbyt will purchase green power for Sberbank on the deregulated wholesale energy market under the agreements with generating companies, including VetroSGC, a joint venture of Fortum PJSC and Russian Direct Investment Fund (RDIF), and Hevel Group.

According to the agreements between MosEnergoSbyt and Sberbank for the period until the end of 2021, renewable energy will be supplied to 14 new Sberbank offices in Saint Petersburg, Nizhny Novgorod, Yaroslavl, Tula, Voronezh, Yekaterinburg, and Irkutsk. More than 36 million kWh of electricity is planned to be supplied by the year end.

“The commitment to sustainable development is an essential part of Rosatom’s strategy. Prioritizing low-carbon energy is an essential and responsible step for both individual businesses and society in general. Fighting climate change by generating low-carbon energy from nuclear and renewable sources is seen as Rosatom’s top priority. We welcome the efforts of our partners at mitigating environmental impacts and hope for further cooperation in this area,” said Alexander Korchagin, CEO  of NovaWind.

As of today, NovaWind has commissioned four wind farms generating a total  of 540 MW of electricity, with another three sites currently under construction. Two wind farms with a total capacity of 180 MW will be put in operation by the end of 2021.

“Environmental protection is a major part of Sber's ESG strategy. The partnership with MosEnergoSbyt is a logical continuation of our carbon neutrality efforts. Today, 14 of our offices are already running off green power, and there will be even more of them later,” said Alexander Vedyakhin, First Deputy Chairman of Sberbank Executive Board.