The $100 billion overseas order book of Russia’s nuclear power plant builder Rosatom—bigger than all its Western competitors combined—makes it look like the giant in its field. But if the company—formed in 2007 from the Russian Atomic Energy Ministry and tasked with turning nuclear power into a major export industry—is ever to reach its potential as a global industrial giant, it will have to shed Russia’s reputation for using energy policy as a means to political ends. Deal after deal has collapsed in Europe, where individual countries and the European Union as a whole consider it a priority to reduce dependency on Russian energy, and relations have deteriorated over Moscow’s intervention in Ukraine. A project in fast-growing, energy-hungry Turkey—possibly the ideal market on paper—has been stalled because of a collapse in relations between the two countries supporting opposite sides in the Syrian civil war.
Fortune 26th June 2016 read more »
Russian nuclear firm Rosatom plans to invest about RUB 83 billion (€1.1 billion) to construct 610MW of wind power plants in Russia by 2020.
Wind Power Monthly 27th June 2016 read more »