Nitol Solar Announces Appointment of CEO


Nitol Solar Company announces that Valery Rostokin has been appointed CEO of Nitol Solar.

“I am excited to head one of the leading innovative companies in Russia, which contributes to development of the global renewable energy industry. At present, the primary target set by our shareholders is the rapid ramp up in polysilicon production volumes as well as fulfilling the company's obligations in the supply contracts with our long term customers”, said Valery Rostokin, CEO of Nitol Solar.

One of the company founders – Mr. Dmitriy Kotenko, formerly the CEO, will continue his involvement in the Company as a Member of the Board of Directors and Strategic Development Advisor.

Commenting on the appointment, Mr. Kotenko stated: «Valery Rostokin is a highly professional and versatile executive with experience of solving ambitious development tasks. He will lead the team of top managers in transforming the company into a key player in the global PV market».

Valery Rostokin was born in 1967. In 1993 he graduated from the Beijing University with a specialization in "International Economics" as well as the State Academy of Management as the «Engineer-Economist". In 2004 he graduated from the Moscow State Law Academy (MSLA) with a specialization in "law". From 2003 to 2010 Valery Rostokin worked for JSC "Company TransTeleCom" as a Vice President, where he managed the Economics and Investment Department and Foreign Trade Department. Since 2010 he was General Director of «NVisionGroup».


Russia shall study Austrian experience

27 May 2011

The President of Russia Dmitriy Medvedev announced that Russia is ready to study Austrian experience in the field of alternative energy and later on conclude agreements.

“Our partners possess quite a good experience of creating alternative energy, the so-called "green" energy, "green" economy. In this respect we are ready to study it carefully, conclude necessary agreements and work within the frames of these agreements», - said Medvedev during a joint press-conference in Moscow together with the President of Austria Heinz Fischer.

The head of the state noted that Russia has «quite advanced relations» on energy issues with a whole number of EU countries. «We would like to establish the same kind of relations with our partners from Austria», - said the Russian President.

He reminded that by the results of the negotiations the two countries signed a Memorandum on partnership. «I believe that both alternative energy and energy efficiency are among our most significant priorities», - said Medvedev according to Interfax.


Solar heated Olympics

11 May 2011

Alternative sources of energy shall be used for the energy supply of Sochi Olympic facilities. According to the projects, four facilities presuppose the use of solar energy.

Solar units shall be installed at a Big ice arena, at a hotel for the delegation of International Olympic Committee, at an educational and administrative building of Russian international Olympic university and in mountain Olympic village, said the representatives of state corporation “Оlympstroy”.

Solar energy shall be used for external lighting, water heating and as a reserve power supply.

State corporation also contemplates the use of other alternative sources in Olympic construction – the energy of the water, wind, soil and heat emitted by residential buildings. Solar batteries are preferred as soon as Sochi has some 300 sunny days per year.


Global solar power growth doubled in 2010: study

25 February 2011

(Reuters) - The world added about 16 gigawatts of new solar photovoltaic (PV) power in 2010, double the growth seen a year earlier, the European Photovoltaic Industry Association (EPIA) told Reuters.

Uncertainty about Italian figures made a precise figure difficult, after an end-of-year rush to qualify for a higher solar power price premium, called a feed-in tariff.

The global increase compared with 7.2 GW of new capacity in 2009, confounding a financial crisis and reflecting sharp falls in solar panel prices and generous subsidies, especially in Germany and Italy.

"Solar PV is continuing to develop in countries that put a feed-in tariff in place," said EPIA economist Gaetan Masson.

The added capacity in 2010 brought cumulative, global solar PV power to nearly 40 GW, up 70 percent from nearly 23 GW in 2009.

Europe dominated new solar power installations last year, at about 13 gigawatts (GW), Masson estimated, with Germany and Italy accounting for nearly 7 GW and about 3 GW respectively.

Estimates for the other major European players included the Czech Republic (1.3 GW), France (0.5 GW), Spain (0.4), Belgium (0.25) and Greece (0.2).

Outside Europe, the biggest markets were Japan (about 1 GW), United States (0.8 GW) and China (0.4 GW).

Solar panel prices have halved since 2007, say analysts, at about $1.8 per watt at the end of 2010 compared with $3.7 three years earlier.

The fortunes of the solar market contrasted with wind, which last year shrank for the first time in two decades as a result of a difficult market for project finance as well as uncertain regulatory support.


Nitol’s polysilicon project is recognized as the most successful project of the year

23 February 2011

Nitol’s project of a large-scale polysilicon production in Russia has been recognized as the most successful investment project. «Investment Аngel» -an international investment award - has been presented to the company in Moscow. The Award is established by the International Organization of Creditors.

Nitol is currently completing construction of a unique in Russia polysilicon production facility as part of an industrial cluster for high-tech materials to be located in Usolye-Sibirskoye, in the Irkutsk region; the project is carried out in partnership with RUSNANO (the State Corporation of Nanotechnologies), Sberbank and The Eurasian Development Bank (EABR).

The project budget totals $ 600 mln. The pilot polysilicon production line has been operational since 2008 and last Monday the main production facility yielded the first product.

«The new production facility provides a resource base for further development of microelectronics in Russia and enables advance of a new industry in Russia – the solar energy. The project contributes to implementation of the targets, set by the Russian Government to increase the share of renewable energy in the total electric power production and enhance the energy efficiency.

«Nitol’s project pertains to the sphere of high technologies that ranks among the priority targets of the national economy, set by the President of the Russian Federation», - said President of the International Organization of Creditors Catherine Kapustina.

«We appreciate the high recognition of Nitol’s role in modernization of the Russian economy - said CEO of Nitol Solar Dmitry Kotenko. - It is symbolic that the prize was awarded on the following day after we received the first polysilicon from our main production facility».


Solar PV installations reached 17.5 GW in 2010

16 February 2011

New solar photovoltaic (PV) installations grew by 130% to reach 17.5 GW in 2010 and growth is set to continue in 2011, says analyst IMS Research.

Solar PV installations could see double-digit growth in 2011, to reach 20.5 GW and take the total installed capacity to 58 GW by the end of the year.

IMS Research has thereby increased its predictions for 2011, when it believes that at least 22 countries will each install more than 50 MW; 18 of them will install at least 100 MW; and four at least 1 GW.

IMS Research’s PV Research Director, Ash Sharma, says: “20 GW is a huge number for 2011, and would be a tremendous achievement, which I’m sure most would have thought impossible just two or three years ago. Having measured the PV supply chain at several points, our PV analyst team remains very upbeat about the market’s development this year; and even more so about the next two to three years. Our latest models predict installations of 35 GW in 2014 which certainly now looks achievable”.

Because of the decline in new solar PV installations in Germany and the Czech Republic, IMS Research predicts EMEA’s share of installations will fall from 81% in 2010 to 68% in 2011, despite high growth still being seen in many large markets such as Italy, as well as in emerging countries like the UK, Greece and Bulgaria.

IMS Research’s long-term outlook for the industry remains positive, with demand diversifying outside the ‘usual’ two or three key countries and predicts that at least 34 countries will install more than 100 MW of solar PV in 2015, up from just 13 last year.


Breakthrough of Russian scientists

7 февраля 2011

Specialists from Novosibirsk innovative company SUN have developed a unique technology for the production of solar batteries.

Now the photocells of solar batteries may be applied as paint and printed at suitable surfaces where nano-materials may serve as a basis instead of traditional silicon plates. And this is a kind of a revolution as well. While traditional solar batteries require direct solar radiation, nanostructures allow generate electric energy even when in shadow.

The volume of investments for the development amounts to about USD 40 mill. The new method allows to precisely apply a measured working layer which increases the quality of the batteries and significantly decreases their cost. Experts believe that this achievement shall help Russia overcome the silicon stage of solar energy sector development.

The technology developed has no similars in the world. Although the very idea of printing solar batteries is not new. Two years ago an Australian state organization announced about the production of a battery basing on a technology used for printing banknotes. However the efficiency of such polymer batteries turned out to be 5% less than that of classical silicon units. Scientists from Novosibirsk studied the experience of their Australian colleagues and revealed the flaws in the technology.

The new technology shall allow, for example, print solar batteries at the roof of a car which shall lead to a revolution in car industry.


Happy New Year and Law!

31 December 2010

According to the press service of the President of Russia, Dmitry Medvedev signed a federal law "Concerning introduction of amendments in federal law "On electric energy sector" and certain legislative acts of the Russian Federation" adopted by the State Duma on December 21st, 2010 and approved by the Federation Council on December 24th, informs RBК.

The law presupposes introduction of a number of amendments into the law on electric energy sector in regard to the operation of electric energy production and consumption system using renewable sources of energy.

It is presupposed to introduce the mechanism for the development electric energy production sector basing on renewable sources of energy – conclusion of long-term capacity purchase agreements at a special price.

According to the law, the subjects of the wholesale market engaged in capacity production and supplies should deliver capacity basing on purchase agreements, capacity supply agreements concluded in the manner established by the rules of the wholesale market, using generating facilities included into the list compiled by the Government of the Russian Federation.

The buyers of electric energy shall buy capacity basing on purchase agreements, capacity supply agreements concluded in the manner established by the rules of the wholesale market.

The norms are supposed to cover legal relations arising out of electric energy and capacity purchase deals performed at the wholesale market starting from January 1st, 2010.

The law also presupposes planned return of costs by the way of receiving capacity payment.


The first batches of polysilicon have been produced at a large-scale production facility in Russia

21 декабря 2010

Usolye-Sibirskoye, Irkutsk region, Monday, December 20: the first batch of polysilicon has been produced at Nitol's main production facility. This is the first polysilicon, ever produced at a large-scale production facility in Russia; the facility design capacity totals 5000 metric tons of polysilicon per year.

The unique production facilities are being built by NItol in Usolye-Sibirskoye, in the Irkutsk Region in partnership with RUSNANO, Sberbank and the Eurasian Development Bank.

The first polysilicon has been produced within the scope of the reactor test operation with process fluids. All the performance targets have been achieved; the successful facility startup has confirmed the accuracy of technological solutions, the equipment operability, high quality of the construction and installation works.

The test runs have been conducted in line with the approved by Rostekhnadzor phased program of the in-process equipment validation.

The production ramp-up to full capacity will be staged: the first polysilicon production phase with a 300 mta capacity was launched in 2008, the second phase to come on line by mid-2011 will increase the output to 3500 metric tons of polysilicon per year. "The first polysilicon, produced at a large-scale production facility in this country, is a result of joint strenuous efforts not only of the entire NITOL team. This success would have been impossible without our main Russian partners - RUSNANO, SberBank and the Eurasian Development Bank" - stated Nitol Solar's CEO, Dmitry Kotenko.

Darya Poletayeva, a Senior Investment Manager at RUSNANO, commented: "To bring the project on line requires unique solutions not only at a company level, but at the country level too. The key production target, faced by the company to date, is the facility ramp-up to design capacity. Production of the first polysilicon batches at the main production facility is yet another step towards the large-scale project objectives."

Alexander Bazarov, Vice-President of SberBank, noted: "Development of an innovative industrial cluster in the Irkutsk Region, that is carried out in partnership with a syndicate of banks, is a significant project, implemented by our major customers - State Corporation RUSNANO and Nitol – within the scope of public-private partnership».

"The results achieved by Nitol are constituents for the innovative economy. Cooperation with the companies that put into practice the directives for innovation and modernization of the Russian economy, is a strategic priority for our bank" - commented Deputy Chairman of the EDB Board Gennady Zhuzhlev. - "It is the Eurasian Development Bank’s mission to further promote economic and financial integration of the Eurasian Economic Community member states, and in this regard we are pleased to acknowledge our contribution to Nitol’s product, which is in great demand on the markets in Russia and the CIS countries.".

The new production facility provides a resource base for further development of microelectronics in Russia and enables advance of a new industry in Russia – the solar energy. The project contributes to implementation of the targets, set by the Russian Government to increase the share of renewable energy in the total electric power production and enhance the energy efficiency.


The first one in Russia

20 December 2010

First Russian solar power plant was launched in operation in Belgorod region.

Energy generated at the plant shall be delivered to the grid at a special tariff — 9 rub. per 1 kWh. Electric energy from the nearest Kurskaya nuclear power plant costs 2,3–4 rub. per 1 kWh, however in view of the growth of electric energy consumption, it turned out to be cheaper to build a solar power plant and purchase electric energy at a high tariff instead of constructing new transmission lines and distributing substations, informs

The cost of capital expenses for the construction of a thermal electric power plant (producing 69% of electric energy in Russia) is €1,5–2,5/W, while the cost of construction of a solar power plant with several MW of capacity amounts to €2,5–3,5/W. At the same time the solar power plant requires almost no servicing, consumes no fuel and does not need to be stopped for equipment repairs.

The cost of the solar power plant in Belgorod region made 22 mill rubles. The plant was constructed within two months and was officially opened on September 29th, 2010. The plant was launched in operation on October 18th, 2010.