# 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.

- Type: Partnership
- Announced: 2018-09-14
- Where: Rostov region, Russia, Russia
- Value: $11.0M
- Status: announced
- Capacity: 300 MW per year
- Products: wind turbine towers
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Severstal](https://endata.com/companies/1170.md) (partner)
- [Rusnano](https://endata.com/companies/28225.md) (partner)
- [Windar Renovables](https://endata.com/companies/34320.md) (partner)

## Sources

- [russiabusinesstoday.com](https://russiabusinesstoday.com/energy/spains-windar-enters-russia-jv-to-produce-wind-turbine-towers/), 2018-09-14: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.