On February, 14, at the Russian Investment Forum in Sochi, the Ministry for Industry and Trade of the Russian Federation, NovaWind JSC (the ROSATOM division responsible for renewable energy industry projects) and Red Wind B.V., a Russian-Dutch joint venture, have signed a Special Investment Contract (the SPIC) to implement the investment pro-ject for creating a manufacturing facility in the Russian Federation. The manufacturing facility will be used for wind turbine components assembly within the project for the construction of 610 MW wind farm and wind turbine manufacturing facility in Volgodonsk, the Rostov Region (Russia
“Within the SPIC, we are planning to provide 580 sets of high-technology components for wind turbine construction. This equipment is to be used both for the current and future projects, including export programs. Due to the elaborated localization program, ROSATOM is expanding unique competencies for the production of generators for direct-drive wind turbines. We expect that the equipment manufactured in Volgodonsk will be competitive both on the domestic and international market,” CEO of NovaWind JSC Aleksandr Korchagin noted.