News

Billion to be invested in a wind turbine manufacturing plant

Credit: Press Service of NovaWind JSC

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

The project focuses on establishing manufacture of wind turbine generators and nacelles in the Russian Federation amidst stable environment for carrying out activities which is guaranteed on the side of the Russian Federation. NovaWind JSC will act as the project investor. The estimated cost of the project will be around RUR 955 mio rubles. The facility in Volgodonsk will create 254 jobs.

“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.

The production will be carried out by Red Wind B.V., a joint venture of No-vaWind JSC and Lagerwey. The batch production capacity is expected to reach 96 sets per year. The production facility will further ensure sale of products for subsequent pro-jects or external orders.
.
Previous ArticleNext Article