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RUSNANO and Vestas sign MoU and continue to strengthen partnership

06.06.2019

RUSNANO and Vestas Wind System A/S have today signed a memorandum of understanding (MoU) in order to further explore the Russian supply chain and localisation opportunities of wind turbine components manufacturing in Russia. The MoU was signed by Anatoly Chubais, Chairman of the Executive Board of RUSNANO Managing Company, and Anders Runevad, Group President & CEO of Vestas.

Vestas, a world leader in the manufacturing, installation and servicing of wind turbines, is the technology partner for the Wind Energy Development Fund (a joint investment fund established by Fortum and RUSNANO), which is committed to implementing projects with a total capacity of almost 2 GW until 2023. In 2018, responding to Russian local content requirements, Vestas – in partnership with RUSNANO – launched a localization of the wind turbine supply chain including local manufacturing of wind turbine components such as nacelles, towers and blades.

In accordance with todays MoU, RUSNANO and Vestas agree to continue the search for competitive wind turbine supply chain opportunities, which can promote the localisation of manufacturing in Russia, including evaluation of possible solutions for cold climate Arctic installations. The parties will analyse and assess the opportunities for localising components not currently available on the Russian market.

RUSNANO has also proposed that Vestas consider the possibility of using technology developed by RUSNANO portfolio companies related to the manufacturing of wind turbine components.

www.en.rusnano.com

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