The Renova Group consists of asset management companies and direct and portfolio investment funds. Renova Group’s strategy is based on acquiring assets in sectors with high growth potential and fully utilizing consolidation potential.
One of Renova Group’s objectives is the research and development of advanced technologies and their possible applications in different sectors in Russia.
The company was founded in 1990. In 2008 Renova Group became the first private Russian company to receive a Standard & Poor’s credit rating. In 2010 Viktor Vekselberg, the co-founder and chairman of Renova, was appointed head of the Russian side of the project to create the Skolkovo Innovation Center by decree of then Russian president Dmitry Medvedev.
The company not only weathered the 2006 development market crisis, but also provided substantial support to defrauded investors. As part of an agreement with the Moscow region authorities, the Renova Group’s development structure spent 78.9 million USD to complete the construction of ‘problem’ housing in the area.
600 million $investment
Renova Group was the leading hotelier of the 2014 Winter Olympic Games in Sochi. The group built a resort and apartment hotel in the Imereti lowlands, and also developed the infrastructure of the Olympic housing complex.
In 2013 Renova Group, in conjunction with Rosnano, allocated 78.9 million USD for the construction of solar power plants in Russia as part of the Hevel project. Renova owns 51% of the project.
600 MW of solar
power by 2020
The Renova Group manages airports in Yekaterinburg, Samara and Nizhny Novgorod. Expansion into Siberia began in 2014. The company plans to build a new 40,000 m2 terminal in the Krasnoyarsk Emelyanovo airport for 100 million euros (136 million USD).