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Reported by Vestas on 5 June 2019

Vestas and RUSNANO to explore further opportunities to increase footprint in Russia and re-enforce leading market position

V112-3.0 MW, Macarthur, Australia (Courtesy of Vestas Wind Systems A/S)

Signing the MoU, Anders Runevad, Vestas President and CEO, said: “We continue to strengthen our leading position in Russia together with RUSNANO and today’s Memorandum of Understanding underlines our long-term commitment to leading the sustainable energy expansion in Russia. The memorandum furthermore exemplifies how Vestas works with partners such as RUSNANO to develop solutions that benefits local communities through investments and jobs, while also driving the green energy transition”.

Today’s MoU follows Vestas’ role as technology partner in the Wind Energy Development Fund, which is the joint investment fund established by RUSNANO and Fortum, a leading Finnish clean energy company. The fund is already committed to installing wind projects in Russia with a total capacity of almost 2 GW until 2023 and continues searching for projects that can promote localisation of the supply chain and manufacturing. In 2018, Vestas and RUSNANO partnered on the localisation of the supply chain, including local manufacturing of key wind turbine components.

References

[1]

Vestas Wind Systems A/S. Press release - Vestas and RUSNANO to explore further opportunities to increase footprint in Russia and re-enforce leading market position. URL: https://www.vestas.com/en/media/company-news?n=1912195. [Date Accessed: 05/06/2019].

[2]

Vestas Wind Systems A/S. Images. https://www.vestas.com/en/media/images. [Date Accessed: 21/02/2017].

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