Portfolio Companies


Thin Film Solar Modules and Systems

Operating Factories

Shareholders in Portfolio Company 
RUSNANO, Renova Group

Industry Sector 
Energy Efficiency

Production Location 
Novocheboksarsk, Chuvash Republic
Jobs to be created: 300

Investment Started:  2009

Total Budget

20.13  bln rubles
Co-investment by RUSNANO
13.53  bln rubles

Manufacture thin film photovoltaic modules based on Oerlikon technology

Project company Hevel is establishing a factory in Novocheboksarsk where it will carry out full-cycle production of solar modules. The plant is being designed to produce one million solar modules per year, an annual output of 130 megawatts.

Markets for the solar modules are mainly in southern Europe (Italy and Spain) and in Germany. As the market grows in Russia, increasing percentages of solar module output will go to sales at home.

On February 2, 2012, the Science and Technology Center in Thin Film Technologies for Energy opened at the Ioffe Physical Technical Institute in St. Petersburg. Hevel and innovation center Skolkovo will use the center jointly. The dedicated research facility—Russia’s first in solar energy—has an experimental process line of .5 megawatts for work to refine technical characteristics of thin film photoelectric modules.

Area of application

  • Solar energy


  • Producers of photoelectric systems for independent and reserve energy supply, solar farms, energy distribution companies, individual consumers

Competitive advantages

  • Proprietary R&D center
  • Low production costs
  • Better efficiency
  • Large-scale manufacturing

In its production process, Hevel will use the world’s latest thin film advance—technology for thin film photo elements based on micromorph silicon developed by the global leader in solar energy, Oerlikon Solar.

Solar modules using Oerlikon thin film technology