Hyundai and Hevel plan 40MW of solar-diesel hybrids in far-east Russia

09/06/2017

Russian PV module producer and project developer Hevel Group and Korean multinational automotive manufacturer Hyundai have signed a memorandum of understanding to invest around RUB8 billion (US$139 million) in 40MW of solar and diesel hybrid plants, according to Russian news agency TASS.

The first stage of the hybrids will require around RUB2 billion of investment, with the first projects to be constructed in Yakutia, in far eastern Russia. The projects will reduce the consumption of diesel in certain areas by up to 50%.

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