The agreement was signed at ATOMEXPO 2017 by Lagerwey CEO Huib Morelisse and Emin Askerov, OTEK’s Deputy CEO for International Business. The document provides for creation of a modern wind power industry in Russia. The parties are strongly committed to delivering OTEK’s wind power program, which includes involvement of local suppliers in production of over 65% of hardware for Russia’s wind turbine industry. Lagerwey’s unique offer enables OTEK to set up the local production of almost all turbine components in Russia. Besides, Lagerwey authorized OTEK to market and sell the Russian-made turbines in Russia and the adjacent countries. The license agreement between OTEK and Lagerwey is the first major step in implementation of the memorandum of understanding signed by the parties in January 2017. The next step is to establish a joint venture in the summer of 2017.
“We are proud to be a Dutch company that supports Russia’s ambition to create its national wind power industry. As a technology partner of OTEK, we provide innovative designs, better hardware logistics for Russia and the expertise needed to establish a wind power industry,” said Huib Morelisse, CEO of Lagerwey.
“Rosatom is consistent in its strategy to establish a new wind power industry in Russia. Now that this important agreement is signed, we can start a full-fledged transfer of wind turbine manufacturing technologies to engage local manufacturers in our program. It should be noted that we are not just going to build 970 MW of wind farms in Russia, but also intend to produce innovative and fully marketable wind turbines. This is a part of our strategy of winning new markets with modern hi-tech products,” said Kirill Komarov, Rosatom’s Deputy CEO for Corporate Development and International Business.
Rosatom has reasonable grounds for entering the wind power industry. The company has all necessary competencies and capacities for setting up local production of wind generators. Rosatom’s Atommash based in Volgodonsk, Russia, will be the main production site as it has necessary infrastructure, including industrial premises, storage sites and a river pier. Another advantage of the plant is its relative proximity to the sites in Southern Russia selected for the wind farms.
In 2016, Rosatom won the contract to construct three wind farms with a total capacity of 610 MW in Russia. This is about 17% of the total wind power capacity to be commissioned in the country by 2024.
WIND POWER INVESTMENTS
Gazprombank has signed an agreement with Rosatom to provide a loan for the construction of wind parks. Gazprombank and VetroOGK (a subsidiary of Rosatom), have signed the first agreement on financing Rosatom’s wind energy construction project. Under the loan agreement, the project will receive 63.1 billion rubles of investments over the next 10 years. The loan provided to VetroOGK is to be repaid from the cash flow generated under renewable energy supply contracts made by VetroOGK.
