Published: 06 June 2019 06 June 2019
Vestas and Rusnano have signed a Memorandum of Understanding (MoU) regarding localisation of equipment for the Russian sustainable energy market, including supply chain optimisation, local manufacturing of wind turbine components and Vestas considering the possibility of using technology developed by Rusnano portfolio companies.
The MoU follows Vestas’ role as technology partner in the Wind Energy Development Fund, which is the joint investment fund established by Rusnano and Fortum. The fund is already committed to installing wind projects in Russia with a total capacity of almost 2GW until 2023 and continues searching for projects that can promote localisation of the supply chain and manufacturing. In 2018, Vestas and Rusnano partnered on the localisation of the supply chain, including local manufacturing of key wind turbine components.