Russia to build first solar power plant

Plans have been drawn up to build Russia’s first solar power station by state nanotechnology firm Rusnano and energy conglomerate Renova.
The plant would be a 12.3 MW plant in the spa town of Kislovodsk on the Black Sea. "This is a breakthrough into a different dimension," Rusnano CEO Anatoly Chubais told an innovation forum in Moscow, RIA Novosti reported.
The station is to be built by the companies’ joint venture Khevel. The $97m deal was sealed by Khevel CEO Evgeny Zagordny and Stavropol region governor Valery Gayevsky. Swiss-made thin-film solar panels will be used to trap the rays and the station could be operating by 2012, Zagorodny said.

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