Russian Wind Industry Gains Momentum
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#199December 2017

Russian Wind Industry Gains Momentum

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The new joint venture will draw on Lagerwey technology to organize production of wind turbines in Russia with NovaWind’s supply chain and project delivery expertise.  RedWind was formally launched at the Wind Europe exhibition in Amsterdam on 30 November 2017. The joint venture agreement was signed by Alexander Korchagin, CEO of NovaWind, and Huib Morelisse, CEO of Lagerwey. It builds on the license agreement signed by the companies earlier this year in Moscow. The CEO of the joint venture will be Emin Askerov, Deputy CEO of NovaWind. Sjoerd Sieburgh Sjoerdsma, Lagerwey’s Director for Licensing and Joint Businesses, was appointed Managing Director. The rest of the management team will be appointed in the near future to include the best professionals from Russia and the Netherlands.

RedWind will market and sell wind turbines, deliver turn-key projects, and provide after-sales maintenance services. Its other task is to organize local production of wind turbine components. The joint venture will be responsible for selecting suppliers and procuring turbine parts and materials to be used at NovaWind’s production facilities in Volgodonsk (Russia). The current production plan provides for the joint venture to deliver 388 wind generators by 2022. VetroOGK will be an owner of wind parks to be constructed in Russia and a supplier of electric power.

“The agreement is a result of consistent efforts made by our joint team after the license agreement was concluded. The document we have signed today reinforces firm commitments of the parties to implement the Russian wind power generation program. I am speaking with confidence today as I am sure that we have all necessary competencies to deliver the project based on the latest technology and having a strong management team,” said Alexander Korchagin, CEO of NovaWind.

Huib Morelisse, CEO of Lagerwey, noted, “The joint venture comes logically from our plans to create a cutting-edge wind generation industry in Russia. Together, we lay the ground for a new market with vast potential.  And we are proud to know that the foundation of this market will rely on Dutch technologies.”

Lagerwey will transfer its production technology to the Russian partner that will manufacture 2.5 MW and 4.5 MW wind turbines, and share its expertise in construction of wind parks. It will support RedWind in training the staff needed to produce and maintain wind turbines. Lagerwey will also supply components for the first 60 wind turbines.