Windar Renovables, Severstal and Rusnano form JV to produce wind turbine towers in Russia

Windar Renovables, Severstal and Rusnano formed a joint venture called WRS Bashni LLC to produce steel towers for wind turbines in the Rostov region. Initial investment exceeds $11 million, with Windar holding 51% and the others 24.5% each. Annual capacity is expected to reach 300 MW within two years.

“A joint venture consisting of Russian steel and mining company Severstal, state-owned technology investor Rusnano and Spanish company Windar Renovables will be formed in order to begin production of towers for wind turbines.”russiabusinesstoday.com

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• russiabusinesstoday.comSpain’s Windar Enters Russia JV to Produce Wind Turbine Towers - Russia Business TodayNovinar NovinarSep 14, 2018

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