Rusnano

Spanish company Windar Renovables and Russian partners Rusnano and Severstal have opened a plant in Taganrog, Rostov region, for manufacturing wind turbine towers. The investment was about $12 million, and the factory will produce towers for up to 300 MW of onshore wind capacity per year after 2020.

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.

Severstal, Rusnano and Windar Renovables have signed an agreement to create a joint venture, WRS Bashni, to produce steel towers for wind power plants in the Rostov Region. Total investment in the first stage is over 750 million roubles, with production capacity reaching 300 MWt per annum within two years.

Vestas' new blade manufacturing plant in Ulyanovsk, Russia, is about 60% complete with a RUB 1 billion ($14.3 million) investment. It will produce about 300 blades per year for the 3MW platform, starting production in early 2019, and create over 200 jobs.

UMATEX (part of Rosatom) signed a share purchase agreement with RUSNANO to acquire 100% of Prepreg-SKM, a Russian carbon fiber fabric and prepreg producer. The deal will close in October 2018, with operational control transferred on June 4, 2018.

Testing of Russia's first high-power gas turbine GTD-110M was suspended due to an accident in December 2017. Power Machines may join the project as an investor, and new investments will be required.