Vestas signes an MoU with Russia-based Rusnano

Vestas has signed an MoU with Russia-based Rusnano to explore turbine production opportunities in Russia. Rusnano, in a joint venture with Finnish utility Fortum, has been awarded over 1.8 GW of wind power project capacity in Russia across two auction rounds. Vestas is the preferred supplier for this capacity, which will be developed over the next five years. According to the Russian Association of the Wind Industry, wind farms must include 65 per cent local content while 44 per cent of the turbine components must be sourced locally. Vestas set up a blade factory in Ulyanovsk in December 2018, and plans to set up a nacelles assembly plant in Nizhny Novgorod and a tower factory in Rostov. These facilities will help comply with the state regulations.

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