16 Sep '18, 12pm

Severstal, Rusnano and Windar Renovables to Manufacture Wind Turbine Towers in Russia

The renewable energy products, which will be the first of their kind in Russia, will be built in the Rostov Region. The wind energy equipment will be installed as part of a government program to develop and stimulate the generation of renewable energy sources in Russia. During the first stage, total investment in the project will be more than $11 million. Windar Renovables will have a 51 percent stake in the joint venture, and RUSNANO and Severstal will each hold 24.5 percent. Windar will be responsible for delivering the technology to construct the WDPP towers to Russia. Severstal will have the opportunity to supply, on competitive terms, the steel plate necessary for production. The JV enterprise’s production capacity will reach 300 MWt per annum within next 2 years. Initially, its key customers will be the joint fund created by Rusnano and Fortum. Vestas, a global WDPP ...

Full article: https://www.renewableenergymagazine.com/wind/severstal-ru...

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